Belgium Retail Market Dynamics, Q4 2025

Significant market growth. The Belgian retail market showcased remarkable growth, with take-up volume increasing by 25% y-o-y, totaling 527,144 sq.m.

Retail warehousing leads activity. Retail warehousing was the dominant segment, accounting for nearly half (49%) of the total take-up volume. High street performed strongly, capturing a 31% share by capitalizing on prime opportunities, while major redevelopments boosted shopping centre volume to 20%.

Divergent rental trends. Prime rents held stable for high street location at €1,700/ sq.m./ year. In contrast, both shopping centre and retail warehousing experienced upward pressure, with prime rents reaching €1,300 and €185/sq.m./year, respectively.