Belgium Retail Capital Markets Market Dynamics, Q3 2026

Volume under pressure, retail warehousing still leading: Retail investment reached €513.3 Mln across 39 transactions at end Q3 2026. While this represents a -36% decline year-on-year, it remains +8% above the 5-year Q3 average. Retail warehousing captured 68% of activity, while high street and shopping centre registered comparatively subdued performance.

Prime yield stability across all segments: Prime yields held at 5.80% for retail warehousing, 5.75% for shopping centre and 4.85% for high street, as despite lower volumes transacted, the market fundamentals and underlying assets remain solid.

Capital remains domestic and private: Investors were mainly Belgian, with private investors accounting for 75% of volume and institutional investors 25%.

For additional context on findings in the latest report, download the prior Q2 2026 Belgium retail capital markets market dynamics report.