Market Overview Belgium 
Dashboard Q1 2023

Signs of slowing occupier market activity

May 03, 2023

Occupier market transaction volumes in the first quarter of 2023 show a year-on-year decrease in both semi-industrial and logistics. Occupier demand is lower than in previous years, which forecasts a dip in annual transaction volumes in 2023, after two excellent years.


The investment market is underpinned by semi-industrial transactions and dominated by Belgian buyers. The prime yield for logistics properties decompressed further, to 4.50%. Further yield decompression is expected, with stabilizing yields expected in the second half of the year.

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