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Office conversion continues unabated

The trend of office space conversion to alternative uses is still strong, with another 92,000 m² of office space being reconverted in 2015. Particularly in Brussels, which has the most substantial office stock in the country at 12.7 million m². Typically, older, out-dated office properties abutting residential districts have been redeveloped over the last decade, though office space in traditional business districts has also garnered interest. According to Michael Niego, Director Capital Markets at CBRE, the motivation for the conversion of office space has been a colliding trend of economic factors.



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 | 15-03-16



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