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Brussels a top investment location - Savills

Savills Investment Management is reporting that the Brussels office market is one of Europe’s top investment choices. Savills IM’s Research & Strategy Flash Note on Brussels offices highlights the city’s central business district office market as an attractive investment real estate opportunity.

Savills points to the dropping vacancy level, which in the CBD is at around the 5-6% mark, and to yields of 4.75%. It considers that these figures position the Belgian and European capital well compared to other cities. It reaches this conclusion despite, in its own words, and echoing what the local market knows only too well, the ‘lack of both speculative development and rental growth’.

Irfan Younus Head of Research, Europe at Savills IM, comments: “The fundamentals make the Brussels office sector one of our current top office investment picks. Although moderate economic growth may result in modest rental growth, in an environment where there is strong competition for income returns, in our view the Brussels office market provides for an attractive yield play versus other European major cities”.

| 24/04/2017

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