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The Belgian industrial and logistics market The Belgian industrial and logistics market

Insights

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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Key Takeaways
  • Economic growth remains modest, with GDP expected to grow by approximately 1% in 2026, followed by gradual improvement through to 2027.
  • Inflation is projected to align with the 2% target or fall below, ensuring a stable economic environment.
  • Financing conditions remain stable, continuing the trend of stabilisation observed since mid-2025.
  • Take-up activity continues to be supported by underlying occupier demand, with decision-making processes remaining selective, particularly for large-scale logistics needs.
  • Prime rents are expected to stay largely stable, with limited upward pressure in well-positioned markets facing supply constraints.
  • Investment activity is set to remain robust, buoyed by improving financing conditions and sustained interest from both domestic and international investors, despite the limited availability of core assets.

Economic Context 

Belgium’s economy ended 2025 with steady and moderate growth, achieving an annual GDP increase of 1.0%. Inflation eased to 2.2% by December, while financing conditions stabilised as the ECB kept policy rates unchanged since June 2025, with government bond yields remaining between 3.20–3.30%. The unemployment rate rose to 6.15% in 2025, reflecting slower employment growth, particularly in industrial sectors, with forecasts suggesting a slight increase heading into 2026. 
Belgium Industrial MarketBeat
Access Q4 2025 commercial real estate results for the industrial sector.
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