Belgium Retail Capital Markets Market Dynamics, Q4 2025

Record Performance: Retail investment volume for 2025 reached €1,084 million, representing 25% of the Belgian's total real estate investment volume. This positions retail as the third most active sector after Office and Industrial.

Segment Strength: Investment activity was strong across all retail segments. Retail Warehousing led with 38%, followed closely by Shopping Centers at 36%, while High Street accounted for 27%. Significant transactions propelled growth in each category.

Domestic Dominance: Private investors still dominated the retail market, accounting for 74.9% of the total volume. Belgian capital maintained a strong presence, representing 91% of all investments.