Belgian Industrial & Logistics Report 2023

The Belgian Industrial & Logistics Market Report 2023 explores occupier activity, rental evolution and investments realised in Belgium

March 04, 2024
  • Caroline Housen
  • Mathieu Opsomer
  • Kristof Buelens

Belgian Industrial & Logistics Report 2023

After booming years, the market is on track to a new equilibrium

  1. The take-up volume remains stable in Belgium for both Semi-Industrial and Logistics, driven by strong demand in Flanders

  2. Antwerp - Liège axis outperformed this year, further developing multimodality options

  3. The vacancy rate slightly progressed but stays well below European average

  4. A major investment volume drop for all assets classes characterizes 2023; Industrial has not been spared.

“Buoyant occupier demand coupled with continued low vacancy continues to drive new development.”

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