A research produced by DTZ
The Sixth Reform of the Federal State will be applied from July 2014, and will see Liège’s status as Wallonia’s financial and economic pole cemented.
In addition to the strong presence of the public sector, the Liège office market is carving itself as a niche market for biomedical research. Furthermore, the region’s proud industrial history is still felt today.
The Liège office market is composed of five districts, each adhering to specific dynamics in terms of the type of occupiers attracted and market activity prospects for the near future.
The speed at which recent speculative developments have been snapped up (if not pre-let) upon being delivered, and the 1.6% availability rate in buildings delivered in the past five years bear testament to the strong level of demand for large quality spaces, and the potential for expansion which the market could tap into.
Speculative projects due for the delivery within the next two years are few and far between. Potential large occupiers will have to wait until 2016 before such schemes enter the market. Beyond 2017, over 100,000 sq m of speculative projects could boost market supply, a sign that project developers recognise the existing deficiency.
Source : DTZ (Groupe UGL)