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Amsterdam and Eindhoven flex capitals of Europe

Published on 10-07-2020
Flex offices with shorter rental periods are becoming increasingly popular. The Netherlands is now a leader in Europe with the supply of this type of office space. Amsterdam and Eindhoven have even grown into the flex capitals of the continent. The share of flexi-offices is expected to grow to more than 10% in the next ten years, according to the latest office market report from real estate advisor Colliers International.

"Ten years ago, highway restaurants, hotel lobbies and coffee corners were full of working people with a cup of coffee and a laptop," says Robert Kok, head office rental at Colliers. "" Now that is mainly done in flex offices. business travelers, but increasingly the larger companies that rent workspace there. ''

The Netherlands largest flex market in Europe
The real breakthrough of the flex office came after the credit crisis from 2007 to 2011, when companies no longer wanted to commit to fixed rent for several years. Flex concept providers jumped into this gap by offering more leeway in the rental contracts, for example shorter durations and more opportunities to grow or shrink in the meantime. Although only 2.5% of all Dutch offices are now a flex office, the Netherlands does have the largest European flex market.

"IT IS NOT ONLY THE ZZP'ERS AND BUSINESS TRAVELERS, BUT ALWAYS LARGER COMPANIES RENTING SPACE AT FLEX OFFICES"

With 6%, Amsterdam is even in first place out of the 43 European cities investigated by Colliers. Eindhoven follows closely with 5.9%. There are many startups and scale-ups in the tech industry here. The Strijp-S area in particular has many flex offices. Utrecht is the fastest advance of the five largest cities in the Netherlands. In the past two years, flex providers there were responsible for 13% of the newly filled office space

Chaff is separated from the wheat
Flex providers who have entered the market in recent years, opened new locations too quickly or are highly financed with external capital are hit hard by the corona crisis. For some, that can mean bankruptcy. Those gaps are quickly filled by one or more stronger parties.

The popularity of flex offices is only increasing due to the corona crisis. "Companies want to be able to move with the economy," explains Robert Kok. "That also fits within the broader social trend in which we move from ownership to use. Rather a monthly cancellable subscription than one big investment. "

Changing needs of the working Netherlands
Large companies also want more flexibility. Not only because of the financial uncertainty, but also because of the definitive breakthrough of working from home. For example, they opt for a smaller office and rent extra workspace during peak periods. This means that the share of flex offices will double to the next ten years.
 
Link to the full report of Colliers:
 
 
Source, Vastgoedjournaal 9 july Robert Kok