Belgium Industrial Market Dynamics, Q4 2025

Market stabilization with semi-industrial leading - The market achieved equilibrium at 1.78 mln sq.m. of take-up, surpassing 2024 levels by 12% but remaining 12% below the five-year average. Semi-industrial activity dominated with impressive 28% y-o-y growth.

Logistics market contraction and downsizing - The logistics segment faced significant headwinds, with take-up declining 18% y-o-y to 586,000 sq.m. and transactions dropping 21% to just 46 deals.

Premium properties in strategic locations experienced significant rental growth for both logistics and semi-industrial properties, while vacancy rate rises reflect the ongoing tension between limited quality supply and sustained occupier demand in prime corridors.