Research

Antwerp Office Market Dynamics, Q3 2024

Summary and analysis of Antwerp's current office real estate market conditions.

November 05, 2024
Contributors:
  • Pierre-Paul Verelst
  • Steven Peeters
  • Vincent Van Brée
  • Alexandre De Wagheneire

Occupier activity this year has been comparatively quiet due to the absence of transactions by administrations. On the other hand, corporate activity remains in line with normal levels.

Vacancy maintains a declining trend in the absence of speculative completions. A trend inversion is foreseen in the near future though unlikely to fundamentally change the demand/supply balanced.

Prime rents in Antwerp have now reached €200 per sq.m. after five years of continuous increase.

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