Commercial & office expertise in Brussels

Certified expertise of your commercial premises and offices in Brussels

Commercial and office real estate in the Brussels-Capital Region operates on valuation logic radically different from residential property. Location, pedestrian footfall, visibility, the technical quality of the building and above all the rental income generated or expected constitute the principal value drivers. Unlike a commercial or office appraisal that provides an order of magnitude, a certified expertise produces an enforceable report in legal, fiscal and banking contexts.

Our firm has the experience required to appraise retail premises, office floors, warehouses and business premises across the entire Brussels-Capital Region.

The Brussels commercial and office property market

Retail premises

Brussels retail commerce is concentrated in well-identified axes: rue Neuve (the highest commercial density in the country), Avenue Louise, chaussée d’Ixelles, rue du Bailli, the pedestrian streets of Saint-Gilles and Schaerbeek, and shopping centres (City 2, Woluwe Shopping Center, Docks Bruxsel). The value of a commercial premises is intimately linked to its location:

• Prime location (no. 1): Principal pedestrian thoroughfares, guaranteed footfall, highest rents (200 to 1,500 EUR/m²/year).
• Secondary prime (no. 1bis): Streets perpendicular to main axes, secondary but significant footfall.
• Secondary location (no. 2): Residential districts with local commercial activity, moderate rents.

Offices

Brussels, capital of Europe, hosts the second largest office market in continental Europe. Office districts are distinguished by their positioning:

• Leopold Quarter / European Quarter: Institutional offices, prime rents (250–350 EUR/m²/year).
• North Quarter (Manhattan): Office towers, large floor plates, corporate tenants.
• Louise Quarter / Toison d’Or: Prestige, law firms, consultants.
• Decentralised: Marcel Thiry, boulevard de la Woluwe, peripheral zones. More accessible rents.
• Brussels-Midi: Developing area with new projects.

Current trends

The Brussels office market is in transition: growth of remote working, increased demand for flexibility, the rise of ESG (environmental, social, governance) criteria and BREEAM certification. Obsolete offices suffer a growing discount; new or recently renovated buildings meeting current standards maintain their value.

Valuation methodology

For retail premises

• Rent capitalisation: Value = net market rent / capitalisation rate. The rate varies from 4.5% to 8% depending on location and quality.
• Direct comparison: Recent transactions involving similar premises on the same commercial axis.
• Turnover method: For certain retail premises, the value may be correlated with the location’s revenue potential.

For offices

• Rent capitalisation: The primary method. The capitalisation rate depends on location, technical quality (grade A, B, C), residual lease terms and tenant creditworthiness.
• DCF (Discounted Cash Flow): For multi-tenant buildings with staggered lease expiries.
• Direct comparison: Recent transactions on the same sub-market.

Content of the report

• Property description: Location, accessibility, visibility, usable area, layout, technical installations (air conditioning, raised floor, cabling), state of upkeep, EPC.
• Market analysis: Positioning in the relevant sub-market, rents achieved, vacancy rates, trends.
• Rental schedule: Current lease, current rent vs market rent, residual term, specific clauses.
• Reasoned fair market value: With detail of the method and parameters retained.
• Rental value (if requested): Objectively assessed market rent.

How the mission works

1. Contact: Description of the property, rental schedule, context of the mission. Quote within 24 hours.
2. Inspection: Inspection of the property and its surroundings (1 to 3 hours).
3. Analysis: Market research, income analysis, application of methods.
4. Report: Delivered within 7 to 15 working days.

Consult our guides on atypical properties in Brussels and commercial and office premises to let. For an indicative estimate, consult our commercial and office appraisal. Find all our expertises, our fees or book an appointment.