The occupier market in Antwerp remains very quiet, with 2025 most likely resulting in one of the weakest years ever in terms of take-up. Next to economic uncertainties, the lackluster figures are related to historically low vacancy.

Vacancy narrowed again to a new low of 3.9% in the absence of completions. The situation should persist in the foreseeable future as large-scale projects have been delayed due to permissions.

In this context, prime rents in Antwerp are maintained at €200/sq.m./year whilst average rents declined. Considering the very low level of Grade A vacancy, rents are seen trending higher in 2026.