Brussels Office MarketView Q3 2023

Brussels office market welcomes first big ticket investments of the year

October 5, 2023 6 Minute Read

Office MarketView Q3 2023_700x530

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Report's key takeaways

  • NICP inflation reached its lowest level in two years, standing at 2.4% in September. Core inflation, on the other hand, remains elevated despite a small decrease.
  • Take-up volume was weak in Q3 at 58,000 m². The European Commission once more drove figures this quarter.
  • Prime rent remained stable at 340 €/m²/year.
  • Vacancy decreased slightly to 7.29%.
  • Development delays push offices delivery to the end of the year, with a notable pipeline expected.
  • Office investment activity through Q3 was stronger than the first two quarters with the arrival of the first big ticket deals of the year.