Research
Brussels Office Market Dynamics, Q2 2024
Summary and analysis of Brussels' current office real estate market conditions.
July 08, 2024
Contributors:
- Pierre-Paul Verelst
- Vincent Van Brée
- Christophe Golenvaux
In contrast to the quiet Q1, the second quarter saw a strong rebound of activity thanks to a couple of large transactions, mainly in new projects. European institutions have been particularly active this year so far with three transactions.
Vacancy continued to increase in line with large size speculative deliveries as well as secondary stock becoming vacant again.
Prime rents continued their upward movement with an additional increase to €390 / sq.m. / year, up from €375 in the previous quarter.
