Brussels Office Marketview Q1 2023

April 25, 2023

Looking for a PDF of this content?

  • Total inflation ticked up slightly in March to 6.67% after falling from its double-digit highs. Core inflation continued its upward trend.
  • Take-up hindered both by limited quality space and economic uncertainty.
  • Prime rent increased to 340 €/m² after a new letting in the Louise quarter.
  • Vacancy remained stable at 7.48%.
  • Limited office development completions in Q1, but an average-sized pipeline identified for the rest of the year. 
  • Office investment activity slowed, though important deals closed including Treesquare in the Leopold quarter and additional offices in the decentralised markets.