OFFICES - Office Market Research Report Wallonia - Q1 2021

The office market in Wallonia is waking up

  • Office take-up in Wallonia soared to record high in 2020
  • The local administrations signed for large size transactions in new projects around train stations.
  • Vacancy is comparatively low in Wallonia, however it is expected to increase as a result of speculative completions and second-hand buildings additions.
  • Prime rents increased in Liège and Namur in 2020. Charleroi remains stable so far.
  • Currently the office property investment activity is constrained by the lack of opportunities available for sale. In the meanwhile, yields are compressing. 

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