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Brussels Office Market Report Q2 2018: The co-working frenzy continues

  • Subdued leasing activity in Q2, take-up in H1 down 27% y-o-y to 161,000 sq.m. Co-working operators demand in H1 nearly equals the full year 2017

  • Vacancy reaches a new low of 8.1% but trend is expected to reverse in H2 with speculative completions

  • Top quartile rents at an all-time high of €226 / sq.m. / year. No change in prime rents at €315 / sq.m. / year

  • Investment volume in H1 is at an all-time high of €2.5 bn, with retail exceeding offices

  • Prime office yields are unchanged at 4.25%, outlook is stable

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