In the recovering economic context, the Brussels office market has recorded 250,000 sq m of take-up since the beginning of the year, a level in line with the five-year quarterly average.
Important lettings such as the 34,000 sq m Astro Tower by Actiris and the 50,000 sq m of the Flemish administrations in the Meander accounts for a third of the Brussels office take-up. More than 220 transactions have been recorded in the first half of the year.
With the likely new Federal Government awaited in Q3, the Sixth Reform of the State will start to be implemented and will have important consequences on the (re-)location of the public sector as the regionalisation of political competences is rising.
The vacancy rate remains stable during Q2 and stands 10.3% for the Brussels market as a whole, although huge disparities persist between office districts.
Source : DTZ (Groupe UGL)