Research

Belgian Industrial & Logistics Report 2023

The Belgian Industrial & Logistics Market Report 2023 explores occupier activity, rental evolution and investments realised in Belgium

March 04, 2024

Contributors:

Caroline Housen
Mathieu Opsomer
Kristof Buelens

After booming years, the market is on track to a new equilibrium

The take-up volume remains stable in Belgium for both Semi-Industrial and Logistics, driven by strong demand in Flanders
Antwerp - Liège axis outperformed this year, further developing multimodality options
The vacancy rate slightly progressed but stays well below European average
A major investment volume drop for all assets classes characterizes 2023; Industrial has not been spared.

“Buoyant occupier demand coupled with continued low vacancy continues to drive new development.”

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