Market Update second quarter 2025

The Dutch economy continues to grow, but the pace is slowing. In the second quarter of 2025, economic growth amounted to 1.2%, keeping the Netherlands well ahead of the eurozone average. Nevertheless, geopolitical tensions and declining confidence are weighing on market sentiment.

• Retail: Rising retail rents in city centers and growing investor confidence, combined with a strengthening user market, point to market recovery.
• Residential: Investment volumes continue to grow, driven by strong fundamentals. The rental market remains under pressure, leading to further rent increases and low vacancy rates.
• Offices: The G5 locations still account for the majority of take-up, and fundamentals in core locations remain intact. National vacancy rates also remained stable.
• Science Parks: Strong demand for high-quality R&D space persists, and NATO’s increased budgeting creates opportunities for dual-use technology.
• Farmland: Farmland prices continued to rise, and farmer confidence remained high and stable, although high costs and agricultural diseases are causing caution.
• Renewables: While offshore wind and solar energy continue to grow, grid stability is becoming increasingly important, and investment interest is shifting more toward battery energy storage systems.