news list
International property /
Foreign property news /
Brussels office property market sees a surge of lettings activity
Brussels office property market sees a surge of lettings activity
April 15, 2010In Q1 2010, the total number of office space leased in the city has soared by 152% compared with the same period last year. The indicator has exceeded quarterly average level of the last five years by 8%.
The average size of each letting transaction (quantity of leased square meters) has skyrocketed by 82%, in comparison with Q1 2009, Property Magazine International says, citing the data provided by Savills company.
Rents have remained stable, amounting to €21-22 per a sq. m. per month in the segment of premium housing, while reaching €25 per a sq. m. per month in some deals.
Experts claim that major tenants and investors have already returned to the Brussels office market. Sheelam Chadha, head of research for Savills Belux, forecasts a significant rebound of the market in 2010, which will cause the growth of rentals and drive the average size of investment transaction up to €50-100 million.
| SURVEY |
CURRENTLY LISTED
for sale or rent
in 60 countries
from 483 companies
and property owners
Jump to
a Specific Country
Special Offers
 |
1 200 000 €
Italy. Prestigious apartments in villa ADA! |
