Brussels Office Marketview Q2 2021
Take-up through the first half of the year totalled more than 250,000 sqm from large pre-lets and well ahead of the same point last year. Occupiers have largely retired the 'wait and see' position to secure high quality deals. Several large EU/public sector deals also highlight the acyclical nature of the Brussels market - one of its strong points.
Vacancy and rents are stable, and the pipeline for the remainder of the year is fairly substantial. Total CRE investment through the first half is muted at 1.35 billion euros, but is expected to pick up in H2.