Office take-up in Flemish markets through Q2 2020 was 80,000 m2. This is low but comparable to 2015 at the mid year point, so it is not unfamiliar territory. But there are two stories here. One is clearly a COVID effect. The other dynamic is the chronic lack of quality, available space.
In terms of investment, sentiment initially took a hit in the early days of the crisis but has
since recovered. Some deals have been delayed, with due diligence being extended. Others begun before the crisis have moved forward, including the sale of Post X (€260 million). This represents a double underline and exclamation point that Flemish markets outside of Brussels are as attractive as ever.