Research

Belgium Industrial Market Dynamics,
Q4 2024

Summary and analysis of Belgium's current industrial real estate market conditions.

January 27, 2025
Contributors:
  • Mathieu Opsomer
  • Caroline Housen
  • Vincent Van Brée

The combined take-up of industrial, logistics and semi-industrial reached 1,564,000 sq. m., which is a decline of 28% year-on-year and 20% below the 10-year average.

In 2024, demand concentrated along our country's main axis, Brussels-Antwerp but also along the Walloon axis.

The vacancy rate along the main Belgian axis, Brussels-Antwerp, reached 3.46% at the end of 2024 compared to 1% at the same period last year.

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