Transportation and mobility impact commercial real estate in Zaventem
Mobility has a significant impact on commercial real estate in Zaventem, a city that plays a crucial role in Belgium's economy. With its international airport, interconnected highways, and proximity to Brussels, Zaventem serves as a key hub for both local and international businesses.
In 2024, the city is planning a number of infrastructure improvements to enhance transport and mobility. These changes are part of the regional mobility plan, which spans from 2020 to 2030.
Accessibility: a major asset for investors
Zaventem's connectivity is its main strength. The municipality is in the immediate vicinity of Brussels airport, offering fast, direct access to major European cities, which is a considerable advantage for companies looking to set up or expand.
The E40 and E19 freeways, linking Zaventem to Brussels, Antwerp and Leuven, facilitate the transport of goods and the movement of employees, making commercial property in this area particularly attractive.
This accessibility has a direct impact on real estate values. Office space located close to major roads or the airport is often prized for its convenience, which translates into higher rents of between €150 and €285/m²/year for office space and sustained demand. As a result, investors are actively seeking properties in these areas.
The impact of transport infrastructure development
The Belgian government, in collaboration with local authorities, has invested heavily in improving Zaventem's transport infrastructure. Notable projects include the development of new public transport networks, such as the extension of streetcar and bus lines linking Zaventem to the other regions of Brussels-Capital. These improvements aim to reduce car dependency and promote more sustainable mobility.
These developments have a direct impact on commercial real estate. For example, properties located close to new public transport lines are seeing their value increase, as they become more accessible for employees and customers. What's more, the expected reduction in traffic congestion thanks to these improvements may also make Zaventem more attractive to companies looking to avoid urban congestion.
The challenges of sustainable mobility and the future
However, these advantages come with challenges. The transition to more sustainable mobility means changes for companies operating in Zaventem. Parking lots, once a necessity, are becoming less crucial as the focus shifts to public transport and bicycle infrastructure. Investors must therefore anticipate these trends to align their real estate strategies with future developments.
In 2024, sustainability has also become a key factor. Companies are increasingly looking to reduce their carbon footprint, which influences their choice of location. Buildings close to sustainable transport networks are therefore more attractive, as they enable companies to meet their environmental objectives while offering convenient access to their employees.
Conclusion
In conclusion, transportation and mobility are key elements shaping commercial real estate in Zaventem. In 2024, with the continued expansion of transport infrastructure and the move towards sustainable mobility, Zaventem is positioning itself as a strategic business HUB in Belgium. Savvy investors should not only consider current accessibility, but also anticipate future developments to maximize their investments in this key region.
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