Analysis And Prospects of the Belgian Commercial Property Market
August 3rd, 2007 by Ines
The Belgian commercial property market finds itself in a favourable economic situation, characterised by sustained growth, increasing appeal for foreign investors and recovery in employment, with business managers more confident than ever.
Luxury offices in Brussels are highly sought after
The demand for “class A” buildings seems to be the priority, and the vacancy rate in greater Brussels has improved, amounting henceforth to 10.6% (i.e., 1,271,046 m²). 2006 promises to be healthy and stable year, with an occupancy rate of around 230,000 m² for the first six months of the year, and projections of up to 530,000m² between now and the end of the year.
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- Posted in Commercial Properties, Belgium, Property Market