The amount of new office space set to be completed in 2011 will fall to less than 200,000 square metres, compared with 900,000 square metres in 2008, project developers association Neprom said on Tuesday.
The research was carried out among 250 project developers.
This year the amount of new office and retail properties being completed will be relatively stable, Neprom said. But in 2008, the number of building permits issued halved and this will have a knock on effect on later years, the organisation said.
Neprom said the downturn may hit the Netherlands’ competitive position. ‘ We already have a shortage of good quality offices and shops,’ deputy chairwoman Anneke de Vries told the Financieele Dagblad.
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