Belgium Industrial Market Dynamics, Q1 2026

Logistics market challenged by large transaction drought. Logistics take-up dropped by 69% y-o-y to 41,816 sq. m., impacted by the absence of transactions above 20,000 sq. m, while the E313 axis concentrated two-thirds of activity.

Semi-industrial dominance with acquisition surge. The market recorded 319,057 sq. m. take-up in Q1 2026, with semi-industrial commanding 87% of activity and acquisition interest surging to 45%, signaling strong owner-occupiers' confidence.

Supply tightening puts upwards pressure on prime rents. The logistics vacancy rate on the Antwerp-Brussels axis rose from 3.36% in Q4 2025 to 3.41%, with no deliveries on major corridors intensifying competition for quality space and upward rental pressure on semi-industrial assets.