Report's key takeaways

• General inflation reached its lowest level in two years in October. It recently registered a slight increase to 1.4% in December. Core inflation continues a overall downward trend;
• Take-up volume picked up in Q4 but ended essentially flat for the year;
• Prime rent increased to a new high of 375 €/m²/year after a pre-letting in the Leopold area;
• Vacancy decreased once more to 7.08%, and is now at a cyclically low level;
• Development delays push offices delivery to next year, with a notable pipeline expected;
• Office investment activity in Q4 was weak, concluding at €549 million of investment deals in the Brussels office market in 2023.