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The Brussels office market in 2015 : a transition year

  • ​The occupier activity was substantially below levels of the last years. Large size transactions, delayed in 2015, will however be finalised early 2016.

  • Vacancy stabilised at 9.7%, despite some speculative completions. In the short term we estimate it may dip to 9%.

  • Prime rents are unchanged in the European district at € 275 / m² / year, but increased in several other districts.

  • Investment volume increased by 30% in 2015, to € 4.4 bn. It is the second best year ever after 2007.

  • Prime yields compress for every type of asset. 

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