Rotterdam Office Market Sees Strongest Rental Growth in Europe

Rotterdam recorded the strongest office rental growth in Europe at 28.3% year-on-year, driven by competition for high-quality space among large occupiers and demand for sustainable buildings, according to Cushman & Wakefield's DNA of Real Estate report tracking 43 European cities. Across the Netherlands, Amsterdam Schiphol logistics rents grew 11.1% year-on-year, retail rents increased 2.0% in Amsterdam and 6.3% in Rotterdam and The Hague, and European office rents averaged 5.4% annual growth with the Benelux region leading at 8.2%.