Research

Brussels Office Market Dynamics, Q1 2025

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

April 16, 2025
Contributors:
  • Pierre-Paul Verelst
  • Vincent Van Brée
  • Christophe Golenvaux
  • Alexandre De Wagheneire

Take-up is surging driven by a huge, long expected, deal by Proximus. Behind the figures, the normal flow of transaction is reduced.

Limited movements in vacancy that stays at 7.9%, importantly a large share of vacant space across all districts is obsolete and needs retrofitting.

Prime office rents are unchanged compared to Q4 2024 at €400 / sq.m/ year but increased by 14% in the North district.

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