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Understanding industrial land supply: how Dutch municipalities make decisions about supplying serviced building land

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  • Huub Ploegmakers
  • Erwin van der Krabben
  • Edwin Buitelaar

Abstract

The supply side of real estate markets has remained relatively neglected compared to the body of work that studies the demand side. Consequently, little is known about the way that suppliers actually make decisions about the quantity of land and property to be made available for sale at any one time. This paper investigates how one particular type of suppliers, public developers of serviced industrial building land in the Netherlands, assess market conditions, and the way these analyses influence decisions to make more serviced building land available. This paper presents evidence from interviews amongst municipal developers and finds that profit considerations are not the main motive behind their decisions to develop industrial land. Municipalities are involved in land development primarily because they want to be able to steer local economic development. Furthermore, they also pay attention to 'nonprice' signals of market conditions -- sales levels in particular -- when deciding to make more land available for sale. However, we should be cautious with interpreting these results since this study only addresses public agencies, which might operate with 'soft budget constraints' and might have alternative preference functions than commercial developers.

Suggested Citation

  • Huub Ploegmakers & Erwin van der Krabben & Edwin Buitelaar, 2013. "Understanding industrial land supply: how Dutch municipalities make decisions about supplying serviced building land," Journal of Property Research, Taylor & Francis Journals, vol. 30(4), pages 324-344, December.
    • Handle: RePEc:taf:jpropr:v:30:y:2013:i:4:p:324-344
    DOI: 10.1080/09599916.2012.753933
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    Cited by:

    1. Gao, Fugang & Ma, Xianlei & van der Krabben, Erwin & Ploegmakers, Huub & Shi, Xiaoping, 2022. "Causes of industrial land-use regulations in China: A share tenancy perspective," Land Use Policy, Elsevier, vol. 122(C).
    2. Bob van Bronkhorst & Brano Glumac & Tristan Kunen & Michel van Rhee & Wim Schaefer, 2014. "The Dutch Land Market: A Regional Tool for Policy Impact on Vacancy and Grant Rates," ERES eres2014_75, European Real Estate Society (ERES).
    3. Lee, Jongpyo & Jung, Sanghoon, 2020. "Industrial land use planning and the growth of knowledge industry: Location pattern of knowledge-intensive services and their determinants in the Seoul metropolitan area," Land Use Policy, Elsevier, vol. 95(C).
    4. van Oosten, Thomas & Witte, Patrick & Hartmann, Thomas, 2018. "Active land policy in small municipalities in the Netherlands: “We don’t do it, unless...”," Land Use Policy, Elsevier, vol. 77(C), pages 829-836.

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