Did you know? Amsterdam's Commercial Real Estate Market

Amsterdam, Netherlands Amsterdam and its Commercial Real Estate Market are unique in many respects. Did You Know… · Amsterdam, located in the province of North Holland, is the largest city in the Netherlands. Although the seat of the government, the Supreme Court, and the parliament are in The Hague, Amsterdam is the official capital of the country. · Amsterdam is one of the most important cities in Europe in which to do business. It is the financial, commercial, and cultural center of the Netherlands, and its geographical location makes it an ideal gateway to European markets. For these and other reasons the city is home to most of the national and international firms in the Netherlands. · Amsterdam is also one of the most planned cities in Europe, with strategically positioned highways, railroads, water canals, and telecommunications links that connect it with the rest of the country and Europe. The city is served by the Amsterdam Schiphol Airport, which handles over 46 million passengers per year, and it is the fourth most active in Europe and tenth in the world. · With limited access to cars in the downtown area and with over 700,000 bicycles, Amsterdam is one of the most bicycle-friendly cities in the world. · Tourism is one of the largest industries in Amsterdam with over 3.5 million visitors per year. The most popular tourist attractions in the city include the Rijksmuseum, Van Gogh Museum, water canals, and the red light district. · The office market is currently very active; absorption and rental rates are increasing while supply is decreasing. Demand for high quality space is very high, but only 17% of the total supply in the city is class A. The South Axis business district is expected to remain as the main supplier of prime space. · During the first half of the year only a small amount of office space was completed; however, the amount expected to be added over the rest of the year is about 890,000 square feet. Approximately 2.4 million square feet will be completed during 2009. · The forecast for Amsterdam’s economy and commercial real estate market is positive. The GDP growth during the rest of the year is expected to continue at 2.8%, the same rate as last year, and the outlook for 2009 is also optimistic, with a decrease in unemployment rate and a rise in foreign direct investment.

Amsterdam City Population 747,000 Metro Population 2.2 million City Area 85 mi2 Metropolitan Area 732 mi2 Av. Annual Temp. 50o F Av. Annual Rainfall 30 inches Real GDP Growth 3.7% Unemployment 8.3% Sweden Population 16.5 million GDP Purchasing PP $529 billion Real GDP Growth 2.8% Inflation 1.8% Long Term Interest Rate 4.0% Labor Force 7.6 million Unemployment Rate 5.0% Literacy Rate 99% Exchange Rate 1€= $1.357 Office Market Information 2Q 2007 (USD/Sq Ft/Month) Rent - Class A Vacancy $3.47 13.3% Total Stock Available Supply 75.3 million sq. ft. 9.98 million sq. ft. Absorption Investment 1.4 million sq. ft. $550 million For further information on doing business in this market, please contact: Don Cox ITRA / Don Cox Company don@doncox.com +1 (512) 478-1711