Commercial Real Estate Market Research. Jones Lang LaSalle Belgium

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Today's changing real estate market dynamics and the volatile world in which our industry operates require knowledge and intelligence to create competitive advantage like never before. Jones Lang LaSalle's industry-leading research group delivers market analysis and insights that drive value in real estate decisions and support successful strategies for our clients.

Featured Research

ON POINT: Vacancy in CBD starts to decrease

Take-up during Q3 is back on average after two low first quarters, reaching 120,300 m² (Q3). Cumulative take-up (Q1-3) reached 231,000 m², nearly 20% below the 3-year average.
No speculative completion during Q3, pushing overall vacancy down to 10.9% and to 6.3% in the CBD.
Development activity is historically low in 2011 (141,000 m²), a trend which will continue in 2012 (116,000 m²) compared to the recent 5-year average of 320,000 m² per year.
Prime face rent revised downwards in the Leopold (-3.2%) and North District (-4.9%) and remained stable in the other districts.
The Brussels top quartile rent and weighted average rent showed only slight variations at respectively EUR 222 and 177 sqm per year.
The total real estate investment volume in Belgium reached EUR 0.4 billion in Q3 2011, bringing the total during the first three quarters to EUR 1.3 billion, up 30% y-o-y but slowing down on a quarterly basis. Prime office yields (6/9 year leases) remained stable at 6.00%.

Research Reports:

EMEA BioPharma Digest - Q4 2011 - 22/12/2011

EMEA Corporate Occupier Conditions Q4 2011 Western Europe - 21/11/2011

ON POINT: Vacancy in CBD starts to decrease - 10/11/2011

Antwerp - European Retail Profile - 04/11/2011

Brussels - European Retail Profile - 04/11/2011

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Contacts


Patricia Lannoije
Valuation & Consulting - Head of Research Belux

+ 32 (0)2 550 25 04
patricia.lannoije@eu.jll.com