COWORKING
OCCUPIER
Despite of COVID-19, the future of flex offices looks positive as the demand for flexibility will continue to rise. A hybrid work model is becoming the norm, with employees given the choice of where to work and at what times.
Senior Director
Occupier
Isabelle Vandeur
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INDUSTRIAL & LOGISTICS
INVESTMENT PROPERTIES
REGIONAL OFFICES
RETAIL
BRUSSELS OFFICES
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INDUSTRIAL & LOGISTICS
For transport companies and the whole logistics sector, 2020 was a very challenging year. However, for logistics property owners and developers, the year turned out to be a success.
Senior Director
Industrial & Logistics
Xavier Van Reeth
REGIONAL OFFICEs
The regional office markets performed well in 2020 and a stable market is expected in the years to come. This presentation gives you an overview of the figures for the three main office markets in Flanders, including Antwerp, Ghent and Mechelen.
KEY FACTS
Senior Director
Head of Investor Leasing Flanders
Alexander Kortleve
INVESTMENT PROPERTIES
2020 has been an excellent investment year. Despite of COVID-19,
we have recorded 5.5 billion euro of investment transactions. This is an absolute record and 10% higher than 2019.
KEY FACTS
5.5 bn €
of investment transactions
43%
investment volume from Belgian capital
1/4
of the market in one single deal
3.50%
expected office yield in 2021
Senior Director
Head of Capital Markets BeLux
Alexander van Ravels
BRUSSELS OFFICES
The health crisis has had a profound effect on the results for 2020. The market has integrated the new organisational habits and these will also have a lasting impact on the ways of working.
KEY FACTS
270,000 m²
office take-up
7.2%
office vacancy rate
315 €/m²
prime rent
489,000 m²
in 2021 development pipeline
Senior Director
Co-Head of Investor Leasing
Jean-Michel Meersseman
RETAIL
2020 was again a year during which retailers had to reinvent themselves and be responsive. Insofar as this was not yet the case, all retailers now have a digital offer. The "omnichannel" approach has become the norm.
Senior Director
Head of Retail BeLux
Sebastien Vander Steene
Friedel Laperre
Senior Director
Co-Head of Investor Leasing
1/4
of the market in one single deal
of the market in one single deal
KEY FACTS
1.28%
logistics vacancy rate
6%
increase in prime yields
1,725,000 m²
logistics demand
4%
expected average yield in 2021
KEY FACTS
5.5
billion euro of investment transactions
43%
investment volume from Belgian capital
1/4
of the market in one single deal
3.50%
expected office yield in 2021
KEY FACTS
270,000
m² office take-up
7.2%
office vacancy rate
315
eur/m² prime rent
489,000
m² in 2021 development pipeline
220,000 m²
total regional take-up
170 €/m²
prime rent in Antwerp
4.4%
vacancy in Ghent
50,000 m²
in Mechelen’s 2021 development pipeline
KEY FACTS
1.28%
logistics vacancy rate
6%
increase in prime yields
1,725,000
m² logistics demand
4%
expected average yield in 2021
KEY FACTS
5.5
billion euro of investment transactions
43%
investment volume from Belgian capital
1/4
of the market in one single deal
3.50%
expected office yield in 2021
KEY FACTS
1.28%
logistics vacancy rate
6%
increase in prime yields
1,725,000
m² logistics demand
4%
expected average yield in 2021
KEY FACTS
3rd
best take-up performance ever recorded
62%
of total take-up out-of-town
90+%
footfall recovery in shopping centres after 1st lockdown
93 bn€
retail sales expected for 2021
KEY FACTS
450
coworking locations in Belgium
1/3
companies to include flexibility in housing strategy
800,000 m²
total surface occupied by flexible offices
40%
of flexible offices in Brussels & periphery
KEY FACTS
220,000
m² total regional take-up
170
eur/m² prime rent in Antwerp
4.4%
vacancy in Ghent
50,000
m² in Mechelen’s 2021 development pipeline
KEY FACTS
3rd
best take-up performance ever recorded
62%
total take-up out-of-town
90+%
footfall recovery in shopping centres after 1st lockdown
93
bn euro retail sales expected for 2021
KEY FACTS
3rd
best take-up performance ever recorded
62%
of total take-up out-of-town
90+%
footfall recovery in shopping centres after 1st lockdown
93
bn euro retail sales expected for 2021
KEY FACTS
220,000
m² total regional take-up
170
eur/m² prime rent in Antwerp
4.4%
vacancy in Ghent
50,000
m² in Mechelen’s 2021 development pipeline
KEY FACTS
7.2%
billion euro of investment transactions
43%
investment volume from Belgian capital
1/4
of the market in one single deal
3.50%
expected office yield in 2021