News release

The Belgian industrial real estate market remains very active despite economic turmoil

Companies requiring industrial warehouses are expressing new expectations in terms of real estate, and the industrial real estate investment market is entering a new cycle.

Press Release available in Dutch & French

January 20, 2023

BRUSSELS, January 20, 2023 – After assessing the office sector, JLL presents the long-awaited report on the Belgian industrial and logistics real estate market for the past year. 2022 was a challenging year for many sectors, and the real estate industry was no exception. But what about the specific segment of industrial real estate, which had managed to weather all the upheavals of the health crisis?

Overall, in 2022, the industrial real estate occupier market recorded results 10% lower than the total volume in 2021. The occupied area in square meters remained consistent with pre-Covid years. The key observation is an improvement in the occupancy of logistics spaces but a significant decline in semi-industrial units. In the industrial real estate investment market, 2022 saw a record volume and increased activity during the first half of the year. Why has the demand decreased? How will this market evolve in 2023? JLL provides an overview of the Belgian industrial real estate market's current situation and considers the future.

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About JLL

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 106,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit