Market Overview Belgium 
Mid-Year 2023

Stabilization so far in 2023 after previous outstanding year

July 19, 2023

Mathieu Opsomer

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

Adrian Glatt - Saga bv/srl

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

Occupier market : after the outstanding volume taken up in occupation in both semi-industrial and logistics during 2022, the transaction volume realized in the first half year of 2023 is, as expected, lower. The vacancy remains low.

The investment market is currently being driven by the semi-industrial segment that has, despite the lower total investment volume realized in H1 2023, exceeded the volume realized in H1-2022 by almost 20 %.

Further yield decompression is still expected in the second half of the year, although stabilization is anticipated in 2024. 

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