Aerial photo of King's Cross

An article written by Jeroen Jansen and Eri Mitsostergiou, both working for Savills. They explain that in 2010 their research team examined all four major office areas in the Netherlands. The results showed that the combined vacancy in mixed-use areas is considerably lower than in single-use office locations. They further analysed the submarkets and buildings in Amsterdam with the highest vacancy and identified four factors that relate most to vacancy rate. While distance to a major train station, distance to the city centre, and the perceived safety of the office areas were important, mixed-use turned out to be the number one deciding factor. Creating a lively public space by adding retail, restaurants, bars and other functions to the plinths of office buildings does seem to pay off.

“While combining different uses within an area does not pose challenges, per se, for developers and investors, bringing different functions together within one building does add elements of complexity and risk. Developers and investors perceive that mixing uses makes their job more difficult and leads to a decline in their investment.”

Click here to read and download this article

A sunny summer lunchtime in Granary Square, King's Cross

Granary Square with the University of Arts in the historic building London UK © Kings Cross Central General Partner Limited via kingscross.co.uk
Cover picture: Arial picture of the development site London UK © Kings Cross Central General Partner Limited via kingscross.co.uk

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