Belgium Retail Market Dynamics, Q1 2026

The 2026 Belgian retail market is showing strong and encouraging performance. Key indicators include a take-up of 86,864 sq. m. (a 30% year-over-year increase) across 202 transactions, with all segments growing by more than 25% year-over-year.

International brands choose Belgium, with newcomers like Sephora, Kave Home, Cotti Coffee, and Fram entering the market alongside established retailers rolling out their own expansion plans.

Prime rents are stable to rising, reflecting a positive outlook. While q-o-q prime rents held steady, shopping centre and retail warehousing rents grew annually by 2% and 3%, respectively. This indicates sustained market momentum driven by robust fundamentals and new brand activity.