Belgium Industrial Market Dynamics, Q2 2026

Market performance: Belgian industrial market delivered 712,122 sq. m. take-up in H1 2026, with semi-industrial dominating at 71% of activity while logistics contributed 29%, reflecting Belgium's distinctive manufacturing-driven market composition.

Supply constraints driving Rents: Vacancy increased slightly to 3.80% along Brussels Antwerp logistic axis. Despite quarterly increase, combined with slower development completions pushing Brussels prime rents to €77/sq. m./year.

Logistics segment rebounded in Q2 with a major transaction exceeding 40,000 sq. m., though average deal size decreased to 8,461 sq. m., indicating occupiers are adopting conservative space strategies with smaller, more frequent transactions.