INDUSTRIAL & LOGISTICS - Market overview Industrial & Logistics property market - Annual review Belgium

A resilient year for Logistics

  • High logistics take-up volume for the second consecutive year, with both large distribution centres and small urban logistics platforms on the rise.
  • Vacancy rate remains historically low, currently below 1%.
  • Launch of speculative development projects on intermodal locations.
  • Rents are under upward pressure due to low immediate availability.
  • Prime yield for logistics properties decompressing further; yield forecast of <4.00% by end 2021.

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