Brussels is known as the Capital of the European Union and is home to many national and multinational companies.
Famous for its museums, café culture, art nouveau architecture, comic-strip art and food – offering 138 restaurants per square mile - Brussels provides a high quality of life for its residents. With significant investment since the late 1900’s, the vibrant and innovative city is one of the world’s top economic performers.
The numerous business parks, technology hubs and incubators in Brussels provide ample options for the organisations who set up business in the city. Brussels’ economy is dominated by activities within the service and public service industries, with 88% of all jobs being in this sector. This prominent industry encompasses public and government services, law, insurance, financial services and commerce, as well as real estate and consultancies.
Brussels is renowned for banking transactions, pharmaceutical research and chocolate and beer production. Approximately 450 varieties of beer are brewed in the region, 172,000 tons of chocolate is produced every year and the city’s health sector employs 70,000 employees. Furthermore, 60 banks have offices in Brussels and a spin-off ICT industry, employing 75,000 people, has been formed to service the needs of the financial transactions industry.
Studio Alliance members have undertaken projects in Brussels for:
KPMG
Orange
Microsoft
Brussels Fast Facts
Average Letting Cost
€252
Square metres, Brussels/Laeken
Total lettings in 2019
516,000
Square metres
Vacancy Rates
7.12%
Brussels has become increasingly renowned for where European Union activities are based. Nearly a third of Brussels’ office space is occupied by EU-related entities, and neighbouring residential districts are heavily populated by international service workers and their families.
The Brussels region already hosts a large number of businesses including Intuitim, Xelink-Communicare, MoveUp and Zebra Academy, and despite the ongoing challenges brought on by the pandemic, commercial development is set to continue, with €1.993 billion invested in Brussels’ offices so far in 2020. Additionally, an impressive 763,000 sq m of projects are planned between 2020 and 2022.
Significant Lettings
European Commission
30,000 sq m
The One
Significant Investment
Meritz Securities
€1,250m
Finance Tower