Rotterdam Office Market Dynamics, Q4 2024
Summary and analysis of Rotterdam's current office real estate market conditions.
- Tilly Spierings
- Sven Bertens
Office take-up volumes in Q4 reached 5,500 sq.m., bringing total annual volumes to 51,000 sq.m., which is down 33% from last year. The market continues to gravitate towards the CBD area, indicating continued occupier interest for accessible locations.
The vacancy rate in Rotterdam stands at 4.2% at the end of 2024, down from 4.7% in Q3. Grade A office space, especially in central locations, remain scarce and continue to impact transaction activity.
Total annual office investment volumes reached €229 million, comparable to volumes reached in 2023. However, the market saw significant improvement in deal activity this year as capital market conditions and investor sentiment improved.
