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Belgium MarketBeat Reports Q4 2025

Cushman & Wakefield MarketBeat reports analyse quarterly Belgium commercial property activity across office, retail and industrial real estate sectors including supply, demand and pricing trends at the market and submarket levels.

Key Takeaways

  • Retail: 2025 closed as a record year, with over €2.1 billion invested, the highest annual volume in a decade. Leasing activity was equally robust, with shopping centres and high streets both performing strongly. Prime rents increased on high streets, while shopping centre yields adjusted upwards.
  • Brussels Office: take-up reached 341,000 sq m in 2025, bolstered by a strong Q4. Prime rents held steady in core locations, while vacancy rose slightly. The investment market remained subdued, with volumes below the 10-year average.
  • Logistics & Semi-Industrial: take-up rebounded in Q4, led by large deals. Prime logistics yields compressed further to 4.90%, confirming strong investor appetite. Semi-industrial yields remained stable amid steady demand.
  • Regional Office: leasing activity ended on a high note, bringing full-year take-up close to the five-year average. However, the investment market remained thin, with yields unchanged and few new pricing signals.

Latest MarketBeats

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Office Brussels Marketbeat

Office Marketbeat is a summary of the Brussels office property sector providing comment on recent trends as well as market data and analysis.

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Regional Office Marketbeat

Office MarketBeat is a brief summary of the office sector in key cities across Belgium, providing comment on recent trends as well as market data and analysis.

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BELGIUM INDUSTRIAL MARKETBEAT

Industrial Marketbeat is a summary of the Belgium industrial and logistics property sector providing comment on recent trends as well as market data and analysis.

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Belgium Retail Marketbeat

Retail MarketBeat is a brief summary of the retail sector in key cities across Belgium, providing comment on recent trends as well as market data and analysis.

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BELGIUM LIVING MARKETBEAT

Living Sector MarketBeat provides bi-annual insights into demographic trends, investment shifts, and letting movements shaping multi-family, senior, and student housing.

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