Research

The Brussels Office Market Q2 2020: The Aftermath

  • Take-up in Q2 increased 44% vs. Q1 to 108,000 sq.m. COVID impacts demand, but large transactions by corporates and administrations are going through.
  • Higher vacancy rate to 7.4%, due to completions.
  • Stabilisation of prime rents at €315 / sq.m. / y at city level. 12% increase recorded in Louise.
  • Large size office transactions, healthcare and logistics portfolios support the investment volume: €3.5 bn recorded in six months (+37% y-o-y).
  • Prime office yields are unchanged at 3.9%.

 

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