Investment in the Belgian office market
The investment volume in Belgian offices was around 2.5 billion euros in 2021. This figure was lower than in 2020, but still one of the highest in the recent years. In the city of Brussels, offices were for a long time the most sought-after asset on the real estate market, as they made up most of the investments in commercial property.
… as office vacancy sees a decrease.
The office vacancy rate in Brussels reached the lowest level in 2019, but has increased since. Neverthless, the volume of office space transacted in the capital rose in 2021, showing that the occupiers' market is recovering from the effects of the coronavirus pandemic.