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Office Market report Brussels Q2 2016: Confirmed recovery of the Brussels office market?

  • Take-up in H1 2016 increased by 88% y-o-y to 268,000 sq.m. thanks to 6 deals above 10,000 sq.m. 
  • What impact of the Brexit
  • Overall supply continued to trend down, 9.3% is vacant vs. 9.6% previously. The vacancy rate in the CBD is at a 14 years low of 4.6%. 
  • Prime rents are unchanged, but average rents slightly increased.
  • Investment volume in H1 2016 unchanged on a yearly basis at €1.6bn. Prime office yield compressed to the unprecedented low of 4.75%. 
​Focus: The year of the Pentagon. 

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