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Office Market Report Brussels Q3 2014: Office investments back to pre-crisis levels

  • ​Take-up in Q3 2014 increased by 10% y-o-y to 72,229 sq.m. Year-to-date take-up amounts to 309,315 sq.m., up 16% y-o-y again boosted by local administrations.
  • Vacancy slightly decreased to 10.3% vs. 10.6% in Q2 thanks to lettings in the CBD . Vacancy in the CBD is at a six year low of 5.8%.
  • Prime rents were down to €275 / sq.m. / year.
  • Investment volume in Belgium in Q3 was down 61% y-o-y after the excellent Q2. Year-to-date volume was up 8.7%.
  • Prime office yields are confirmed at 5.75% in CBD locations.

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pdf | 6439881