HOME      NEWS           AGENDA           LIBRARY           NETWORK           PROJECTS           NEWSLETTER           ABOUT US     

Brussels faring well at European level

Real estate advisor JLL has been looking at the Brussels office market over the first quarter, and has also produced its ‘Office Clock’ report which analyses the performance of major European cities in comparison to each other. Starting with this report, JLL finds that the first quarter of 2018 has been the strongest Q1 in terms of European office take-up since 2007, headlined by robust demand in Paris (+13% y-o-y). European office vacancy decreased by 30bp to 7.0% in Q1 2018 – the lowest since 2008. The European Office Rental Index rose by 1.0% compared to the first quarter of 2017, led by strong growth in Brussels
And confirming the overall trend, at 2.5%, 2018 annual European rental growth is forecast to outperform the 5-year average of 2.2%.

Within this European Office Clock, Brussels falls into the segment entitled ‘rental growth accelerating’. Remaining with Brussels, JLL finds that leasing activity was slightly down (-2.6%) in the quarter, but that there was record-breaking investment volume: the best first quarter of the Belgian history, with the office segment remaining dominant and South-Korean interest still being outstanding. Vacancy hardly changed on a quarterly basis (8.3% for the entire Brussels region) but decreased substantially to 4.1% in the CBD. Prime rents increased by another 5%.










| 02/05/2018

share:    facebook  twitter 

News in short
Pulse brings new life to Molenbeek | 22/5
Realty - out with the old... | 18/5
New look Realty smaller but attractive | 17/5
New SME park and retailing at Wavre South | 15/5
Docks Bruxsel changes hands | 14/5
Triomphe - turning workspace on its head | 7/5
Third edition of Exemplary Buildings | 4/5
Brussels faring well at European level | 2/5
Housing - the big picture | 25/4
Retail activity quarter one | 23/4
Club Med confirms co-working surge | 18/4
Larger companies targeted by citydev | 16/4
Flexible workspaces - a key corporate trend | 12/4
Hotel sector well on the way back up | 10/4
AXA buys Passport | 9/4
Botanic Tower changes hands | 5/4
Commission launches mega-project | 4/4
Realty heading for the seaside | 3/4
Office space evolving - CBRE | 26/3
Belfius Smart Belgium Awards: context and winners | 22/3
Antwerp looks to the future | 20/3
Manufacturing must be in the mix - citydev | 19/3
MediaPark in the spotlight at Mipim | 16/3
Mipim Awards for Antwerp and Brussels | 16/3
Charleroi in major regeneration | 14/3
Forward-looking Mipim opens | 13/3
Atenor emphasises 'political will and means' | 13/3
First quarter low on take-up, high on investment | 12/3
'The One' kicks off P.U.L. with a major letting | 9/3
SECO - focus on quality from new CEO | 8/3
Major residential conversion on Bld. de la Woluwe | 7/3
REALTY has become THE meeting place for the Belgian real estate industry | 6/3
Boldness and imagination for MIPIM 2018's opening next week | 6/3
Hospital AZ Zeno in Knokke competing in the 'Best Healthcare development' category | 6/3
The ILÔT SACRÉ in Brussels city centre competing in the ' Best Residential Development' category | 6/3
OVG REAL ESTATE, creator of the Edge in Amsterdam, is to develop new generation of Smart Buildings | 6/3
Trinova enters Belgium with Besix HQ acquisition | 5/3
'Riva' connects T&T to the city | 2/3
H.I.B. reports increased portfolio and figures | 28/2
Realty looking to the future | 26/2


back