DTZ reports

Property Times- Brussels Office – Q2 2010:

A return to calm after the rush

The activity has slowed after two exceptional quarters. The trend is similar across Europe. The prime rent has increased to €275/sq m/year but the average rent remains stable. The rise in a availability has paused but there are nonetheless nearly 1.6 million sq m available in Brussels. The availability is expecting to stay between 12% and 13% in 2010. click here to read the full report

Property Times – Belgium secondary markets – Q2 2010 :

Antwerp and the desert

After six months in 2010 the level of activity was rather good. The take-up in the Belgian secondary markets was nearly equaling half of the take-up recorded during last year. The single Antwerp office market account for nearly half of the global figure. Other market such as Ghent or Liege show now a strong decrease. click here to read the full report

Rents seems to have resisted quite well in these markets and are now to be found in a range from €130 to €155/sq m/year.

A common feature in all of these markets is the lack of new developments, more particularly in the Walloon markets such as Liege and Charleroi.

Property Times- Belgium Industrial – Q2 2010

Back to business

The occupiers’ activity on the Belgian industrial markets has improved during the second quarter of 2010. In Flanders, the Mechelen area recorded the strongest progression and highest take up, while Antwerp comes in second place.

The Brussels industrial market has recorded its best performance in two years. The take-up in Wallonia has recorded figures above the five-year average for the second time in a row. Prime rents for logistics building remained unchanged between €32 and €50/sq m/year. Rents for prime warehousing and polyvalent buildings have slightly progressed and are now estimated form €36 to €60/sq m/year. click here to read the full report