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Walloon : Large deals are often enough - Q2 2014

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A research produced by DTZ

Wallonia take-up amounted to 4,700 sq m in Q2, not including an extra 500 sq m recorded outside of Walloon office markets. Walloon Brabant is not included in these numbers, although we incorporate it within the contents of this report.

Due to their modest size, Walloon office markets can often be influenced by a single above average deal. In Q2, this happened in Namur, with a 3,000 sq m development for own occupation by a corporate, almost a novelty for Namur, where demand is driven by the public sector.

New long-term projects have been announced in Charleroi and Namur, with developer playing a part in both. In Liège, two deliveries expected for 2014 have been delayed to the beginning of 2015. Both are turn-keys.

With a prime rent still at EUR 155/sq m/year, Namur shares the distinction of having the joint-highest prime rent among Belgian regional markets with Ghent.

Source : DTZ (Groupe UGL)

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Keywords : DTZ