The vacancy rate for office spaces in Brussels has increased slightly, as did occupied square metres also modestly rose in 2024.
The rate is set to reach an estimated 325,000 by the end of the year. In Brussels, European institutions rent 18% of the commercial real estate, while the private sector occupies 68%.
Currently, 1,044,522 square metres of office space are available for rent, representing an 8% vacancy rate, compared to 7.1% last year.
According to office real estate specialist JLL, this reflects a market in transition, with an influx of new sustainable (Category A) buildings attracting occupants and leaving Category B (6-15 years old) and Category C (over 15 years old) properties less in demand.
