DTZ reports: Belgium property Times (offices + secondary markets +industry)

The current economic uncertainties and revised expectations on office jobs growth have strongly impacted the occupational market in Brussels which ends the year with the worst level of take-up of these last 12 years. Despite the good level of take-up in Q4 with 135,000 sq m, 2011 ends on an annual result of 348,000 sq m transacted. click here to read the full report from DTZ

The year 2011 has ended well overall with 159,000 sq m of office space takeup across the secondary markets (30% below average) or 238,000 sq m when taking into account all of Flanders and Wallonia. This result, although based on local occupiers mainly, prove their ability to resist the tough economic situation, with the exception of a couple of markets. click here to read the full report from DTZ

The year 2011 will be remembered for runaway activity in the logistics sector: Flanders propelled the sector to a 118% growth in activity compared to 2010, achieving 991,000 sq m of take-up. click here to read the full report from DTZ