High quality offices are an issue.
The rent in Antwerp has been stable at €155 sq. m/year since 2017. However, this is predicted to rise to €160 in the Grade A sector, due to the lack of availability. The vacancy rate was under 10% from 2017. Despite the speculation boom in new property, the vacancy rate is now just over 5%. Things are moving fast in the real estate market. What’s left over is overwhelmingly C Grade buildings. For businesses looking for higher quality property, this will become a real issue over the coming years.
Building is continuing apace in Antwerp, with potentially 172,000 more square metres available within the next five years. Again, the problem remains with the quality of the office space that becomes available.