Belgium Retail Market Dynamics, Q2 2026

The 2026 Belgian retail market demonstrates robust and encouraging performance. Key indicators reveal a substantial take-up of 197,366 sq. m. across 430 transactions (consistent with previous year's performance), with shopping centers experiencing 26% growth, retail parks maintaining stability, and urban locations showing a 15% decline.

Expanding brands: Value retailers (Tedi, Wibra, Medi-Market) and international brands continue expansion, notably Sephora's Belgian market entry with Brussels openings and planned Walloon locations.

Shopping centres demonstrate strong performance with a robust 26% y-o-y growth, complemented by a promising development pipeline that includes Mitiska Reim’s former Cora location, and the reopening of the Feest- & Cultuurpaleis in Oostende.