Following a recent survey conducted by DTZ Research, the Belgian economy has shown signs of an encouraging recovery this quarter despite the European economic uncertainties and a turbulent financial climate. The impact on the Belgian real estate market is positive.
The Brussels office market continues to record good performances, strongly helped by the public sector, though the private sector also played an important role this quarter. The total take-up for the first part of the year stands at 215,000 sq m. The Wallonia industrial and secondary market continues to perform recording a promising rebound after a depressed 2011, with some major transactions boosting activity.
Semi-industrial and logistics continue to record important activity, in line with levels recorded last year. Some major transactions and in new trends in occupation were to noticed in these sectors.