Office market report Brussels Q3 | JLL
Occupiers activity is substantially below levels of the last years. Large size transactions are however expected to be closed in the near term. Vacancy falls further to 9.6% and will trend to 9% in the short term. Prime rents unchanged so far at €275 / sq.m. / year, but small size transactions were closed above that level. Investment volume year-to-date surged to above €3.3 bn, already more than the full year 2014 due to mega shopping center deals. Prime yields compress for every type of asset. HOT IN BRUSSELS: New public transport lines could reboot the office market
