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M A R K E T B E AT

BELGIUM REGIONAL Office Q3 2020 MARKET STATISTICS REGION

MARKET

BUILT STOCK (SQ M)

AVAILABILITY (SQ M)

VACANCY RATE

Q3 2020 TAKE-UP

YTD TAKE-UP (SQ M)

2020-2023 PIPELINE (SQ M)

PRIME RENT (EUR/SQ M/YEAR)

PRIME YIELD

Antwerp

2,289,000

147,000

6.43%

23,000

50,000

145,000

165

5.50%

Ghent

1,084,000

41,000

3.81%

14,000

27,000

90,000

160

5.50%

Leuven

561,000

n.a.

n.a.

4,977

6,600

30,000

150

6.50%

Mechelen

325,000

n.a.

n.a.

1,300

2,700

24,000

150

6.50%

Liège

505,000

19,500

3.86%

4,700

53,000

94,000

160

6.75%

Namur

517,000

30,000

5.72%

500

42,000

89,000

160

6.75%

Charleroi

440,000

12,000

2.65%

1,000

3,200

2,000

135

7.00%

Flanders

Wallonia

KEY OCCUPIER TRANSACTIONS Q3 2020 PROPERTY ex-Thomas Cook HQ

MARKET

TENANT

SIZE (SQ M)

TRANSACTION TYPE

Ghent

Colruyt Group

9,700

Purchase

Delancier 1

Antwerp

KBC

6,400

Letting

Nokia Building

Antwerp

Infrabel

4,100

Letting Pre-letting

Dijle Delta

Leuven

EASI

3,500

De Veldekens

Antwerp

Amadeus

1,800

Letting

Kontichsesteenweg 90

Antwerp

Ariane Holding

1,700

Purchase

Liège

CHR Citadelle

1,500

Letting

4ème Avenue 56 *Renegotiations not included in leasing statistics

KEY SALES TRANSACTIONS Q3 2020 PROPERTY Post X Diamond

SUBMARKET

SELLER / BUYER

SQ M

PRICE, EUR M

Antwerp

AG Real Estate / IRET

61,000

+- 275

Ghent

Union Investment / Global Estate Group

17,000

65

SHANE O’NEILL Senior Research Analyst +32 2 510 08 33 shane.oneill@cushwake.com CÉDRIC VAN MEERBEECK Head of Research & Marketing | Belgium & Luxembourg +32 2 629 02 86 cedric.vanmeerbeeck@cushwake.com

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A CUSHMAN & WAKEFIELD RESEARCH PUBLICATION Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services.

©2020 Cushman & Wakefield. All rights reserved. The information contained within this report is gathered from multiple sources believed to be reliable. The information may contain errors or omissions and is presented without any warranty or representations as to its accuracy.

Profile for Cushman & Wakefield Belgium

Q3-2020 | Regional Office Marketbeat | Belgium  

Regional Office Marketbeat is a brief summary of the office sector providing comment on recent trends as well as market data and analysis of...

Q3-2020 | Regional Office Marketbeat | Belgium  

Regional Office Marketbeat is a brief summary of the office sector providing comment on recent trends as well as market data and analysis of...