Belgium Industrial Market Dynamics, Q2 2024
Summary and analysis of Belgium's current industrial real estate market conditions.
- Caroline Housen
- Mathieu Opsomer
- Kristof Buelens
H1 2024 Logistics take-up volume is down by over a third year-on-year and is the lowest recorded volume over the last five years. The euphoria of the pandemic period is over, and the take-up volume is stabilising to a slightly lower volume than previous periods.
Semi-Industrial take-up volume moved back to more realistic levels during 2023. The volume recorded in H1 2024 is in line with this new trend. Acquisitions for own-use exceeded lettings.
The investment volume of H1 2024, 185.7 million, is slightly down year-on year. However, Industrial and Logistics properties have clearly captured the confidence of investors in the market compared with other asset classes.
