Colliers Belgium releases its 2023 first quarter office market review with an analysis of take-up, availability, rent, the investment market and key transactions.

Key insights of the report

2023 begins with a wait-and-see attitude in both the occupier and investment markets. Transaction activity is reducing as investor sentiment is affected by a combination of slowing global economic growth, rising debt costs and expected asset repricing. A pause in activity means that pricing evidence is insufficient, so it is important to analyse the fundamentals of the occupier market - rental growth, occupancy and environmental ratings.

Meanwhile, prime rents continue to move upwards, the occupancy rate in the secondary stock is increasing and environmental concerns are gaining in importance.

We hope that our insights, based on data, observations and knowledge of the Belgian office market, will prove to be interesting and valuable in helping occupiers and investors to make the best informed decisions this year.

Download the full report on www.colliers.com