2025-07-21-莱坊-Brussels_Office_Market_Report_H1_2025页_1mb

Brussels Office Market Summary (H1 2025)

• Lease Activity: Total 172,500 sq m leased in H1 2025, with Q2 being the strongest quarter (136,000 sq m) driven by large deals like Proximus and European Commission. Occupier demand is robust despite economic uncertainty.
• Market Indicators: Prime rent rose to €400/sqm/year in the CBD's European district, reflecting increased interest in premium assets. Public sector and ICT are major drivers, with private sector accounting for ~75% of take-up.
• Supply and Investment: 37,000 sq m delivered, including speculative developments; €223 million invested across 8 deals, but developers face challenges due to macroeconomic issues and high costs.
• Outlook: Political instability in Brussels continues, with a credit downgrade affecting investor confidence. Sustainable practices are key, but overall market growth may slow amid economic headwinds.