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Discover our new Industrial & Logistics Update 2023 #1

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Brussels, Flemish Brabant & Brabant Wallon

East & West Flanders

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I&L market overview
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Demand for logistics space remains high

Despite economic and geopolitical headwinds, the logistics property market in Belgium thrived in 2022. The transaction volumes were underpinned by large transactions and by a new trend : sub-lettings. Supply remains tight and largely oriented towards build-to-suit. Demand was driven by changes in supply chains, centralization and optimizations. Rising construction costs and lack of supply put upward pressure on rents.

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