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.

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ON POINT:Brussels City report Q2 2010
ON POINT: Brussels City Report Q2 2010
  • Strong take-up reached 247,000m² during H1 2010, recovering from the historically low level during the first three quarters of 2009.
  • High speculative completion during Q2 2010 pushed the vacancy rate upwards to 11.5%.
  • As of H2 2010 and particularly in 2011 speculative supply will be (historically) low and will relieve the pressure on vacancy.
  • The prime office rent in the Leopold district remained stable at €310 after a 17% rise during Q1 2010. The prime rent in the Pentagon rose by 7% and remained stable in the other districts. The gap between facial and economic rents remains high.
  • The investment volume in Belgium reached EUR 0.45 billion during Q2 2010 bringing the total for the first half 2010 to EUR 0.61 billion, up almost 50% compared to H1 2009, which was a historically low first half. Prime yields (6/9 year leases) kept steady in Brussels at 6.2%.
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Contacts
 
Patricia Lannoije
Valuation & Consulting - Head of Research Belux
+ 32 (0)2 550 25 04
patricia.lannoije@eu.jll.com
 
 
Contacts
 
Patricia Lannoije
Valuation & Consulting - Head of Research Belux
+ 32 (0)2 550 25 04
patricia.lannoije@eu.jll.com
 
 
 
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