Summary and analysis of Belgium's current retail real estate market conditions.
Belgium's retail occupier market demonstrates resilience with stable take-up of 204,127 sq.m. across retail segments. Flanders captures 71% of volume through 427 transactions.
High street (41% of take-up) and shopping centers show strong growth at 24% and 36% year-on-year respectively. Retail warehousing (50% of take-up) normalizes with a 14% year-on-year decline.
Prime rent remained stable in Q2 2025 for all asset classes, following increases in Q1 for both retail warehousing and shopping centers.