Data and innovation, combined with even more efficient buildings
In the new issue of Buzzwords (download now), BNPPRE explores real estate strategies that optimise the building sector in the long term. The 2050 European climate targets under the Paris Agreement encourage the implementation of concrete measures to reduce the energy consumption of buildings. With a view to accelerating this decarbonisation, data and innovation are currently at the heart of building management.
Decarbonising buildings: digital technology supporting building performance
BNP PRE is dedicating its new Buzzwords issue to low-carbon initiatives in the real estate sector. This includes an exciting interview with Christophe Girard (European Head of Sustainability, BNP Paribas Real Estate Property Management), who discusses ESG regulations and the implementation of new tools to manage the performance of real estate assets. To gain a better understanding of the challenges of integrating these sustainable processes to reduce carbon emissions, today, we explore this strategic topic.
Ilôt Demey: a fantastic real-estate investment opportunity in Auderghem
If you are looking for an out-of-the-ordinary investment asset in the Brussels-Capital Region, you should explore the Ilôt Demey mixed-use real-estate development. Located on a plot of land of just over 20 ares (i.e. more than 2,000 m²), this development, which boasts a built surface area of almost 3,000 m², will be ideal for a hybrid restructuring and heritage-preservation project.
The Muse : new offices at the forefront of a new era in the real estate industry
By 2025, the former headquarters of Sabam (Belgian Association of Authors, Composers and Publishers), located at the corner of Rue d'Arlon and Rue Jacques de Lalaing, will give the European quarter in Brussels a brand-new tertiary hallmark.
Let's head to the primary Brussels business district for an exclusive presentation of the future new offices in The Muse building.
Our latest publications
At A Glance - Q2 2024
In H1 2024, Brussels' office market saw a 6.5% increase in take-up, driven by major deals like Engie's headquarters and European Commission transactions. Vacancy rose to 8%, with new projects hitting the market. Prime rents are up, widening the gap with older buildings. Investment surged due to a major EU deal.
Brussels Office Market - Dashboard Q2 2024
Quarterly key statistics of the Brussels Office Market : Insights on key figures by office districts
Brussels Office Market - Dashboard Q1 2024
Quarterly key statistics of the Brussels Office Market : Insights on key figures by office districts
At A Glance - Q4 2023
For the entire year, the take-up level stands at 308,000 sq.m. The activity showed resilience given the economic, financial, and geopolitical context, as well as the structural change in the office sector.
The investment market concluded a year of underwhelming performance, with €2.4 billion injected into Belgium's commercial real estate over the past 12 months.
Brussels Office Market - Dashboard Q4 2023
Quarterly key statistics of the Brussels Office Market
At A Glance - Q3 2023
Over the past three months, office take-up presents a mixed picture with volume reaching around 59,200 sq.m. Throughout the year, economic conditions continued to hamper the Brussels office market. Further complications come from cost optimization strategies, and a more selective approach by tenants about location and intrinsic quality of buildings. The combination of these factors has resulted in a lengthening in decision-making processes.
Brussels Office Market - Dashboard Q3 2023
Quarterly key statistics of the Brussels Office Market
Brussels Office Market - Dashboard Q2 2023
Quarterly key statistics of the Brussels Office Market
At A Glance - Q1 2023
Slowdown in activity was already noticeable in the second half of 2022, and this trend is continuing at the beginning of this year. Office take-up in the Brussels office market began the year on a low note with 71,300 m², -4% compared to Q1 2022 and -25% compared to the ten year quarterly average. Occupiers are cautious due to the uncertain economic context characterized by ongoing price increases, business slowdown and persistent geopolitical tensions. In this situation, potential tenants are more selective in their choices, giving particular attention to the property's location and quality.
