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Prime yield of offices in Brussels (Belgium) 2013-2018

Office prime yields in Brussels were valued at an average of 4.25 percent at the end of 2018. These yields could be achieved in the Pentagon district as well as the European district, although the source mentions there were also properties that trade with 3.75 percent. Office yield in Belgium overall was higher than in Luxembourg, but lower than in the Netherlands. An important note, though: the numbers provided here cover the city of Brussels and not the Brussels-Capital Region (which consists of the city and its surrounding villages).

There are many investments in Belgian office buildings…

In 2018, the investment volume in Belgian offices was around 2.2 billion euros. This figure is higher than in 2017 and the highest value reached since 2014. 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 in 2016.

… as office vacancy sees a decrease.

The office vacancy rate decreased in Brussels to a level of 7.9 percent in 2018. That there are fewer empty premises could be a sign of increasing demand and a reason why more investors are interested in commercial real estate. The take-up volume of office space in Brussels decreased, however, from over 401,000 square meters in 2017 to around 361,000 square meters in 2018.

Prime yield of offices in Brussels (Belgium) from 2013 to 2018

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Source

Release date

February 2019

Region

Belgium

Survey time period

2013 to 2018

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Statistics on "The office market in Belgium"

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