9 October 2009, Brussels, Belgium

Brussels Office Market Quarterly Report - 3Q2009

3Q2009, 12 months later...

The Brussels Office Market Quarterly Report - 3Q2009

Now that most of the economies of Western Europe are showing signs of recovery, it is a good time to take a look at the state of health of the Brussels real estate market, whose main characteristics are:

• A decrease in activity on the rental market allied to an increase in deliveries, with the immediate consequence of a rise in vacancy rates to 11.7%
• Growing activity in terms of renegotiations dictated by a reduction in cost structures in the private sector
• A drop in prime rents to a level of € 260/m²/year and of 3rd quartile rents to € 195/m²/year
• The first environmental certifications in Brussels
• An relative upturn in activities on the investment market over the last quarter
• A continued tightening of availability and conditions in financing options

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• The Brussels Office Market Quarterly Report - 3Q2009 (PDF 521Kb )