HOME      NEWS           AGENDA           LIBRARY           NETWORK           PROJECTS           NEWSLETTER           ABOUT US     

With Facebook's lease, Brussels reaches the 300€/m2 prime rent

Prime rents in Brussels have finally broken through the € 300/m˛/year threshold for good, according to real estate advisor JLL. The broker says that the take-up of Regent Park (Bld. du Régent 35) at a sum in excess of this figure by Facebook, is not an isolated case, and that other negotiations above € 300 are underway.

Talk of breaking through this barrier has been ongoing for more than a decade, but apart from a handful of square metres here and there, it never came to pass. Over recent years, indeed, prime rents had tended to recede slightly, so what has changed now? Pierre-Paul Verelst, Head of Research at JLL, explains: “This rise is logical. There is constant demand for office space in Brussels and this demand is principally, if not exclusively, for high quality recent buildings. And as there are very few speculative deliveries, an increase in rents is inevitable”. His colleague Erik Verbruggen, Head of Office Agency, says that landlords still have to be creative, however, in order to persuade potential tenants not to simply renegotiate rents in their current buildings.

Looking at the figures, JLL calculates that along with the € 300/m˛/year in the European district, up 9% compared to recent times, rents in the other districts of the CBD are also increasing. It points to €245 in the Pentagon (+4%), €215 in the North district (+10%) and €245 in the Louise district (+4%).


Regent Park is 'not an isolated case'
Regent Park is 'not an isolated case'







| 06/07/2017

share:    facebook  twitter 

News in short
Two major deals for Manhattan Centre | 20/7
Rapid letting of Brixius business park | 18/7
Sophie Lambrighs leaves HIB | 16/7
Physical presence still important in the digital domain | 13/7
Largest transaction in West Flanders | 12/7
First Mipim Proptech Europe conference | 10/7
Cording makes double entry into Brussels market | 6/7
Antoine de Borman replaces Denis Grimberghs at citydev | 5/7
HIB enters apart-hotel sector | 3/7
Horizontal City goes on display at Bozar | 19/6
Prestige residential development on Avenue Louise | 14/6
Xavier Denis joins AG Real Estate | 13/6
Award for Tivoli | 11/6
Lunch with a fascinating architect | 5/6
Besix RED turns 30 | 1/6
Atenor sells City Dox senior home | 29/5
Retirement homes market booming | 24/5
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
Mipim Awards for Antwerp and Brussels | 16/3


back