Hotels in Amsterdam

Rental rates slide at some prime retail locations in Amsterdam

This is for the first time in seven years that the rental rates for retail space in one quarter of Amsterdam’s prime retail locations of Kalverstraat, Leidsestraat, Heiligeweg and the Nieuwendijk has gone down, as reported in the yearly overview of shop rentals produced by realtor DTZ Zadelhoff for the municipality of Amsterdam.

However, the shopping mall at Gelderlandplein in Buitenveldert as well as PC Hooftstraat and the Van Baerlestraat saw an increase in rent because the demand here is high and the space is short. The highly popular shopping district known as The 9 Streets (De 9 Straatjes) also fetches high rates from newcomers and renewal contracts alike. Here again, the culprit is high demand with shortage of space.

9 Streets is located in the old canal district of Amsterdam and has nine side-streets that connect the Herengracht, Keizersgracht and Prinsengracht between the Raadhuistraat and Leidsestraat.

Where retailers currently pay three hundred to six hundred Euro per square meter, new contracts sometimes list double those rates. What those amounts are too high for many of the small retailers, international brands such as Lee, Fred Perry, Le Coq Sportif, Paul Frank and Carhart have already opened flagship stores in the district.