Research

Brussels Office Market Dynamics, Q4 2024

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

January 14, 2025
Contributors:
  • Pierre-Paul Verelst
  • Vincent Van Brée
  • Christophe Golenvaux
  • Alexandre De Wagheneire

Q4 confirmed the recovery initiated earlier though less than previously anticipated. 2024 closed on a moderate take-up growth while 2025 appears far more appealing with a substantial transaction flow from European institutions.

On a quarterly basis, vacancy narrowed to 7.8% thanks to several lettings in the recent deliveries.

Prime office rents are rising further to a new high of €400 / sq.m. / year, achievable in the European District. Projects in all districts are trading at higher rents vs. previous benchmarks.

Fill out this form to download report

There was an error submitting the form. Please try again. 

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.