11-05-2015 - The Technology, Media and Telecommunications (TMT) sector was the most active industry in Western Europe’s eight key office markets, with a 22% share of total office take-up in 2014. Amsterdam is doing even better with TMT take-up amounting to 80,000 m², a 30% market share. As a comparison: the sector accounted for 13% of total leased space in the region over 2013. This underlines growth of the TMT-sector in our country. Only in Dublin was the share of the TMT sector higher compared to our capital, at 35%.
Technology related companies have an increasing share in the Amsterdam economy with approximately 100,000 jobs, representing 10% of the workforce. The sector adds €18 billion to the greater Amsterdam region.
Eric Annaert, Director Corporate Real Estate Solutions at Colliers: 'The TMT sector is very important in the Netherlands. In Eindhoven and Utrecht we also see an increase in the amount of transactions from this sector. The TMT needs in relation to office requirements differs from other occupiers as they often require office space to be adaptable to specific requirements, in particular flexible work space and lease terms in order to accommodate growth or contraction at short notice.'
Large transactions include Booking.com with 10,300 m² in the center of Amsterdam and Atos with 9,000 m² in Amstelveen. Furthermore Netflix opened its European HQ in Amsterdam last year. In Eindhoven the largest transaction came from Amazon Liquavista with 7,000 m².
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