Skip Ribbon Commands
Skip to main content



Office Market Report Brussels Q1 2014: The return of Belgian administrations

  • Take-up in Q1 2014 was 101,612 sq.m., in line with a year ago, driven by local administrations.
  • Vacancy slightly increased compared to Q4 2013 to 10.3% because of a further deterioration in the Periphery, partly mitigated by stabilisation in the CBD.
  • Prime rents were unchanged at €285 / sq.m. / year however top quartile rents declined again by 3% year-on-year and weighted average rents declined by 5%.
  • Investment volume in Belgium came in at € 284 Mio, 37% of which offices, unchanged year-on-year.
  • Prime office yields are under downward pressure for core products in CBD locations, ranging between 5.8% and 6.25%.

Please fill out the form to download the report.

pdf | 1041091