ON POINT: Antwerp City Profile H1 2009. Jones Lang Lasalle

Belgium

Research Report Details

Worldwide > Belgium > Research > Research Report Details

ON POINT: Antwerp City Profile H1 2009

What do these icons mean?

- You can view this document directly.

- You need to login to view this document.

- You need to request access to view this document.

Recently Viewed:

Following a period of strong and sustained occupier activity in recent years and a record take up of 121,000m² in 2008, activity fell back significantly in the first half of 2009, reaching 18,700m² down 54% on the first six months of 2008
After only 93,800m² of new office buildings entered the market in 2007 and 2008 together, so far in 2009 already 90,900m² of new office space has been delivered, predominately speculative.
The low corporate demand and high speculative completion level has made vacancy increase again to 11.8%, back to the Q4 07 level.
Investment activity in Belgium declined again during the second quarter, reaching EUR 184M (Q2 09), down by 13% on the previous quarter. H1 volume amounted to EUR 395M EUR, 53% lower than the second half of last year. Some of the biggest deals of the year were however located in and around Antwerp.
Prime yield in Antwerp now stands at 7.0% for prime offices with 6-9 year leases, coming from 6.90% at Q109 and from 6.60% at Q208.