Brussels Office Market Dynamics, Q2 2026

Take-up activity in Brussels remained subdued in H1 2026, shaped by ongoing geopolitical pressures, elevated financing costs and a transaction mix dominated by corporate occupiers rather than institutional tenants.

Vacancy edged higher following the completion of a major renovation project, with further increases anticipated as several new developments reach completion across the city center and periphery.

The near-term pipeline points toward a gradual pickup in leasing activity, driven by large corporate requirements, though full-year volumes are expected to remain below historical norms.