INDUSTRIAL & LOGISTICS
Market Overview Belgium
Dashboard Q3 2022
Rising rents and decompressing yields
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.
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