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The recovery of the Dutch office market is increasingly concentrated in the G5: Amsterdam, Rotterdam, The Hague, Utrecht and Eindhoven. Together, these five cities combine stronger economic growth, more resilient occupier demand and the majority of office investment activity in the Netherlands. In the first half of 2026, the G5 accounted for 68% of Dutch office investment volumes, underlining its central role in the sector’s recovery.
While the wider Dutch market continues to adjust to structural changes, the G5 continues to strengthen its position as the country’s economic, occupier and investment engine. This report analyses the economic outlook, occupier market dynamics, rental performance and investment activity across the five largest office markets, highlighting both their shared strengths and their increasingly distinct local market characteristics.
Key findings
Eindhoven and Amsterdam are expected to lead G5 economic growth through 2030
Eindhoven’s projected average annual GDP growth rate of 2.2% is slightly above Amsterdam’s 2.1%, although Amsterdam remains substantially larger in terms of economic output and office market scale.
The G5 occupier markets have proved more resilient than the wider Dutch office market
Between 2020 and 2025, take-up softened by 28% across the G5, compared with a 40% decline nationally. Median rents in the G5 increased by 34.1% between 2020 and H1 2026, compared with 19.6% across the Netherlands. This is consistent with occupiers’ growing preference for higher-quality, well-located office space.
Prime rental growth between 2018 and 2026 varied across the G5
Rotterdam and Amsterdam recorded the strongest average annual growth, at 7.2% and 7.1% respectively, followed by Eindhoven at 6.1%. Growth was more moderate in Utrecht at 2.8% and The Hague at 1.9% on average annually, highlighting the different stages and dynamics of the five office markets.
The G5 is leading the recovery in Dutch office investment activity
Investment volumes across the five markets doubled year-on-year to €649 million in H1 2026, supported by the return of larger ticket sizes. At the same time, the buyer base became more diverse, with private investors accounting for a growing share of activity as the previous dominance of institutional-related capital declined. Together, the G5 accounted for 68% of Dutch office investment volume in H1 2026.
Discover how the five largest office markets in the Netherlands are shaping the future of the office sector. Download the full report via the button on the right for detailed insights into economic growth, occupier demand, rental performance and investment activity across Amsterdam, Rotterdam, The Hague, Utrecht and Eindhoven.