Retail Belgium Market Pulse Autumn 2020

Decrease in volumes and rents

  • At end September 2020 take-up amounted to 221,500 sq.m., representing a 14% decrease vs. 2019.
  • Prime rents decreased between -4% and -14% year-over-year dependent upon the segment and remain under downward pressure.
  • Investment volumes so far this year are 27% below 2019 volumes; no deal so far in the segment above € 50 million.
  • Prime yields are decompressing; yields are up to 50 bps higher than 12 months ago.

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