» Office market
Brussels is one of the most competitive cities in Europe. Prime rentals in Brussels cost +/ 20% of the rent for similar facilities in London. The average premium rent for offices is about 300 EUR per square metre per year.
Prime Rents (Office sector) :
|
City |
Rental Measure |
Prime Rents
|
|
Brussels |
EUR/m² pa |
300 |
|
Amsterdam |
EUR/m² pa |
330 |
|
Frankfurt |
EUR/m² pa |
444 |
|
Stockholm |
EUR/m² pa |
455 |
|
Madrid |
EUR/m² pa |
480 |
|
Milan |
EUR/m² pa |
500 |
|
Dublin |
EUR/m² pa |
646 |
|
Paris |
EUR/m² pa |
825 |
|
London |
EUR/m² pa |
1685.43 |
Source: Jones Lang Lasalle, Q1 2008
The 'Prime Rent' represents the top-open market rent that could be expected for a notional office unit of the highest quality and specification in the best location in a market, as at the survey date.
The Leopold area, where the European institutions are located, is usually considered as the top of the market. But there are several other prime areas in which to locate a business in Brussels (see “Activity Zone”).
Prime Rents in the main business areas in Brussels:
|
Area |
Rental Measure |
Prime Rents
|
|
Leopold area: |
EUR/sqm pa |
295 |
|
City center area: |
EUR/sqm pa |
225 |
|
Nord area: |
EUR/sqm pa |
205 |
|
Louise area: |
EUR/sqm pa |
215 |
|
Decentralised area: |
EUR/sqm pa |
190 |
Source: Jones Lang Lasalle, Q1 2008
» The Brussels Regional Development Agency (BRDA)’s assistance and infrastructure
The Brussels Regional Development Agency develops and manages industrial estates, science parks and renovated property for business use.
These estates and parks are open to enterprises that fulfil certain criteria, in particular in terms of workforce, added value and environmental value.
As a general rule, buildings plots on industrial estates and science parks are made available on long-term leases, while renovated buildings or enterprise modules are available for rent or sale. The list of the BRDA sites is available on the BRDA website.
The BRDA also maintains a free of charge database, called Inventimmo, which contains the real estate for companies actually available for rent or sale in the Brussels-Capital Region. It is linked to the websites of most of the national and international real estate-agencies, which operate in the Brussels region.
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