INDUSTRIAL & LOGISTICS
Market Overview Belgium
Q3 2023
Industrial and Logistics Market bounces back based on healthy market fundamentals
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.
Are you an occupier or an investor interested in more details on the Belgian industrial and logistics property market?
Click on the button below to request our Q3 2023 overview.
Enjoy reading !
