Market Overview Belgium 
Q3 2023

Industrial and Logistics Market bounces back based on healthy market fundamentals

October 25, 2023

Mathieu Opsomer

Head of Industrial & Logistics Leasing Belux
+32 (0)3 201 59 43

Occupier market:
Demand has decreased and normalized to pre-Covid levels due to less appetite from the e-commerce segment.
Vacancy rates have slightly increased compared to previous years but remain low.
Land scarcity, increased focus on sustainability and high construction costs are putting upward pressure on rental prices.

Investment market:
Investors are adopting a  cautious stance, but, at the same time they continue to fully appreciate the healthy underlying supply and demand dynamics.
Once interest rates stabilize, it is expected that the market will reboot again.
Sustainability criteria are becoming standard, even in the industrial sector.

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Enjoy reading !