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189,000 sq.m. taken up in 2015 in the main cities. 2016 should be quieter, however Antwerp and Mechelen are expected to perform very well.
Vacancy trends down in all cities, including Antwerp, as the few speculative completions are absorbed by demand for quality space.
Rental values are under upward pressure in Antwerp and may rise in the near term, due to a quality shortage and rising demand.In other cities, rents stabilise.
The investment activity in Flanders was at an all-time high in 2015 thanks to huge shopping center deals.
2016 will be another good year with another shopping center deal, as well as logistics and retirement homes portfolios. Prime yields for all asset classes may compress further.
Development activity restarts in Antwerp and Hasselt, but is minimal in other cities.
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14 June 2016