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: Brussels City Report Q4 2009

411,000 m² of office space has been taken up during 2009. This is ‘only’ 14% below the 2008 figure, especially thanks to a very active fourth quarter.
The vacancy rate increased from 9.2 % to 11.2% over the year, following a high speculative completion level (253.000m²) and modest take up in existing buildings.
For 2010 the speculative completion level is expected to reach 142.000m², 43% lower than in 2009. This, combined with some large pending occupier demands, could push vacancy back down in 2010.
The Brussels prime face rent now stands at € 265 /m²/yr, a 4% drop since Q4 08. The gap between facial and economic rents increased further.
The overall real estate investment volume in Belgium for 2009 (EUR 1.46 billion) was low, but the revival in the second half of the year is promising.
Prime yield (6/9 year leases) stands at 6.25% in the Leopold District and Pentagon, no further decompression is expected.

Research Reports:

ON POINT: Antwerp Office Market Q4 2009 - 22/02/2010

ON POINT: Brussels City Report Q4 2009 - 22/02/2010

ON POINT: Brussels City Report Q3 2009 - 26/11/2009

ON POINT: Belgium Warehousing Report Update H1 2009 - 03/09/2009

ON POINT: Luxembourg City Profile Q2 2009 - 03/09/2009

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Contacts


Patricia Lannoije
Valuation & Consulting - Head of Research Belux

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