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European Commercial Property Updates

European Commercial Property Updates

Is Q4’s Brussels office occupier market rebound sustainable?

The spectacular rebound in office take-up in Brussels at the end of 2009 does not appear to be a total one-off. Indeed, relatively strong underlying demand and service sector sentiment suggests that takeup levels could remain pretty high in 2010. However, with around 200,000sqm of speculative office space due to complete this year, the vacancy rate is likely to rise, causing rental values to fall.

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