Market Overview Belgium 
Dashboard Q3 2022

Rising rents and decompressing yields

October 28, 2022

Ann Vanderwegen

Director Research
+32 (0)2 550 26 81

Mathieu Opsomer

Head of Industrial & Logistics Leasing Belgium
+32 (0)3 201 59 43

Adrian Glatt - Saga bv/srl

Head of Capital Markets Belux
+32(0)2 550 26 28

The industrial and logistics market in Belgium shows resilience in the current challenging economic and geopolitical context. Total industrial take-up volumes after three quarters remain just above their 5-year average. There is, however, a slowdown in the semi-industrial market segment. On the other hand, logistics occupiers have been very active so far this year, with transaction volumes after three quarters well in excess of the 5-year average for the same period.

Rising construction costs and ESG requirements for warehouses are leading developers to ask higher rents. As vacancy remains extremely low the market allows this.

The investment market, however, saw the first yield decompression in more than a decade. You can request the JLL’s Market Dashboard Q3 2022 through the button below.

Enjoy reading.