INDUSTRIAL & LOGISTICS - Market Report Belgium - Q2 2021

Strong demand for semi-industrial units supports take-up volume in first half year

  • Transaction volume in industrial and logistics real estate 20% higher than in the same period last year.
  • The semi-industrial market is performing excellently, with a distinct rise in transactions in certain provinces.
  • Logistics performs stably and equals last year's high take-up level. There are more transactions, but the average size is decreasing.
  • Immediately available logistics space remains scarce, with an availability rate of just over 1%.
  • Rents are under upward pressure due to the limited supply and rising land prices.
  • The prime yield for logistics buildings has compressed 15 basis points this quarter, to 4.00%, and remains under solid downward pressure.  

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