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Belgium : Office Market Snapshot - Q1 2017

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Macroeconomic indicators posted strong performances in Q1 2017. GDP growth should reach 1.5% in 2017 (compared to 1.2% in 2016). Consumer confidence is at its highest level since 2011 while business confidence remains high, though witnessing a slight downward movement since the beginning of the year. The unemployment rate should continue to slowly decrease to stand at 7.5% at the end of the year while significant disparities will still be observed between regions. Inflation is forecasted at 2.23% for 2017. Finally, interest rates should increase this year, though remaining at very low level.

Source : Cushman & Wakefield

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