Summary and analysis of Antwerp's current office real estate market conditions.
Insight
Antwerp Office Market Dynamics, Q3 2025
The occupier market in Antwerp remains very quiet, with 2025 most likely resulting in one of the weakest years ever in terms of take-up. Next to economic uncertainties, the lackluster figures are related to historically low vacancy.
Vacancy narrowed again to a new low of 3.9% in the absence of completions. The situation should persist in the foreseeable future as large-scale projects have been delayed due to permissions.
In this context, prime rents in Antwerp are maintained at €200/sq.m./year whilst average rents declined. Considering the very low level of Grade A vacancy, rents are seen trending higher in 2026.