Supply

• The total stock in Brussels for 2009, including the periphery, rose to 13.4 million m².
• The office availabilities increased to an historical high of 1.5 million m² bringing the vacancy level up to 12.12%.
• The lowest vacancy rate is to be found in the Pentagon & South District which registered a vacancy rate of 6.75%.
• The quality of the supply has slightly increased with half of the available offices in the CBD being of grade A.

Demand

• The total take up in Brussels reached 413,491m², reflecting a decrease of 18% over the year 2008.
• The progression of the take up throughout the year was uneven and predominantly achieved in the last quarter of the year accounting for more than 58% of the year’s demand for space.
• The Louise district was the only district to experience an increase in take up, by 14% whilst every other district recorded falls in take up levels.

Rental Levels

• The reduced level of take up over the year subdued prime rental levels within the CBD, with only the Decentralised and Periphery districts registering stable rental levels.
• The top rents were achieved in the Leopold district at €250/m²/annum.