Belgium Industrial Market Dynamics, Q2 2025

The Belgian industrial real estate market readjusting. H1 2025 industrial take-up volume is 673,333 sq. m.(+9% YoY, -20% vs 10-year average), reflecting post-pandemic normalization with logistics contracting sharply (-29% YoY), while semi-industrial dominates activity (70% of the take-up volume).

Occupier demand is increasingly concentrated on state-of-the-art buildings in prime locations near well-connected urban areas. These properties, featuring strong ESG credentials and enhanced operational efficiency, are experiencing upward pressure on prime rental rates.

While vacancy rates surge throughout European industrial markets, Belgium exhibits remarkable resilience with its prime BrusselsAntwerp corridor maintaining tight supply conditions, posting only a modest uptick to 2.16% at H1 2025 close.