RESEARCH • 18 February 2021
Financial services firms go Dutch in wake of Brexit
Financial services firms are looking to move all or part of their operations to the Continent for continued access to the single market, and the Dutch office sector in particular shows resilience.
- The trade and cooperation agreement between the EU and UK covers services, but the provisions are limited in scope. They do not provide access for the UK’s financial services sector.
- Brexit-induced relocations could offer a potential boost to office space demand as the Netherlands competes to draw financial services firms.
- The Randstad region remains a particularly attractive office location where Amsterdam, Rotterdam and Utrecht continue to attract demand from larger tenants. Demand for core offices is still high, with yields ranging between 3.50% and 3.75% in Amsterdam.
