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Office Market Report Brussels Q2 2014: Administrations restore the office market dynamism

  • ​Take-up in Q2 2014 increased by 35% y-o-y to 137,800 sq.m. Year-to-date take-up amounts to 239,400 sq.m., up 19% y-o-y again boosted by local administrations.
  • Vacancy slightly increased compared to Q1 2014 to 10.6% due to speculative completions and large offices vacated.
  • Prime rents were unchanged at €285 / sq.m. / year.
  • Investment volume in Belgium came in 18.5% higher than a year ago thanks to huge office deals.
  • Prime office yields tighten further in CBD location, to 5.75%

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