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JLL

Belgium Industrial Market Dynamics Q1 2026 (Antwerp-Brussels axis)

Belgium's industrial real estate market in Q1 2026 experienced a 69% year-over-year decline in logistics take-up to 41,816 square meters, driven by the absence of large transactions above 20,000 square meters, while semi-industrial space dominated overall activity at 87% of 319,057 square meters of total take-up with acquisition interest reaching 45%. The logistics vacancy rate on the Antwerp-Brussels axis increased slightly from 3.36% in Q4 2025 to 3.41%, with no major corridor deliveries creating upward rental pressure on prime semi-industrial assets.

Industrial & LogisticsBrusselsBelgium

Updated 1 month agoPublished Mar 31, 2026

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Knight Frank

The Brussels Office Market H2 2025

Knight Frank's H2 2025 report on Brussels offices analyzes a bifurcated occupier market where annual take-up reached 383,000 sq m (up 17% year-on-year), driven primarily by large deals above 5,000 sq m totaling 184,000 sq m, while smaller deals under 5,000 sq m stagnated at 199,000 sq m across 304 transactions. The report contextualizes this activity against Brussels's political crisis (exceeding 600 days without a government as of January 2026), credit rating downgrade by Standard & Poor's, and economic headwinds including weak Belgian GDP growth forecast at 1.1% for 2026 and rising public debt exceeding €14 billion.

OfficeBrusselsBelgium

Updated 1 month agoPublished Dec 31, 2025

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JLL

Belgium Office Capital Markets Market Dynamics Q4 2025

Belgium's office capital markets saw investment volume exceed €1 billion in 2025, driven by core+ transactions and an atypical asset disposal, with private wealth investors expanding their deal activity across all asset segments. Prime office yields remained unchanged in Brussels and Flanders pending additional reference transactions to establish new market benchmarks.

Capital MarketsOfficeBrusselsBelgium

Updated 1 month agoPublished Dec 31, 2025

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Cushman & Wakefield

Belgium Living MarketBeat H1 2025

Belgium's GDP growth is projected at 0.84% for 2025, slightly below the Eurozone average, with modest economic gains driven by public and corporate investment while household spending and export declines constrain expansion. The residential real estate market shows steady rental growth in multi-family assets at €1,255 monthly rent in Brussels with a 4.00% prime yield, though new regulatory caps on rents introduced in May 2025 add investor uncertainty, and demographic shifts toward aging populations and single-person households are reshaping housing demand across student, senior, and multi-family segments.

MultifamilyBrusselsBelgium

Updated 1 month agoPublished Jun 30, 2025

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Knight Frank

Belgian Industrial Market H1 2025: Greater Brussels

In H1 2025, Belgian semi-industrial take-up declined slightly to 383,000 sq m across approximately 380 lettings and occupier acquisitions, while logistics take-up reached 292,500 sq m across 21 deals, down 32% from the prior period but buoyed by larger transactions in June. Investment activity surged significantly, with €587 million invested in logistics (including major deals by Deka Immobilien, Ares Management, and Weerts) and €174 million in semi-industrial (led by WDP's €100 million acquisition of the former Renault site in Vilvoorde), driven by institutional and international investor interest in Belgium's strategic location and strong occupier demand.

Industrial & LogisticsBrusselsBelgium

Updated 1 month agoPublished Jun 30, 2025

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ColliersSubscription required

Industrial & Logistics Autumn 2025 (Belgium)

This is a market report published by Colliers in December 2025 covering the industrial and logistics sector in Belgium, with a focus on the Brussels region.

Industrial & LogisticsBrusselsBelgium

Updated 1 month agoPublished Dec 31, 2025

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ColliersSubscription required

Brussels & Key Cities Q3 2025 Office Market Report

This is a quarterly office market report published by Colliers on September 30, 2025, covering Brussels and other key cities. The report focuses on the office sector in the Brussels and Belgium region of Europe.

OfficeBrusselsBelgium

Updated 1 month agoPublished Sep 30, 2025

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JLL

Brussels Office Market Dynamics Q1 2026

Transaction activity in Brussels's office market fell to historic lows in Q1 2026, with take-up of 40,496 sq.m. down 49% year-on-year—the weakest performance in 25 years—attributed to geopolitical tensions slowing decision-making, while city-wide vacancy remained stable at 7.7%, prime rents held at €400/sq.m./year in the European District, and Grade A space accounted for 43% of transactions. The investment market stalled with only €82 million in transaction volume nationwide, though the outlook suggests potential take-up recovery later in 2026 driven by EU deals despite the possibility of increased vacancy from speculative completions.

OfficeBrusselsBelgium

Updated 1 month agoPublished Mar 31, 2026

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Cushman & Wakefield

Belgium Retail MarketBeat Q4 2025

Belgium's retail market achieved 562,000 square meters of take-up in 2025 across 1,049 transactions, outperforming the ten-year average by approximately 30 percent, while investment volume reached €2.155 billion, well above historical averages. The broader Belgian economy showed slow but steady growth of 1.02 percent in 2025 with inflation at 2.2 percent, stable financing conditions, and an unemployment rate of 6.15 percent, supporting expectations for modest continued growth around 1 percent in 2026 with prime high street rents rising to €1,750 per square meter annually and shopping centre prime yields at 6.00 percent.

RetailBrusselsBelgium

Updated 1 month agoPublished Dec 31, 2025

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BNP Paribas Real Estate

Brussels Office Market REaltime Q4 2025

The document presents real-time Q4 2025 data on the Brussels office market, covering stock, vacancy rates, take-up, rental values, and investment yields across seven geographic zones including the CBD, decentralized areas, and periphery. Key findings include total market stock of 13.25 million square meters, overall vacancy at 7.70 percent, Q4 take-up of 121,000 square meters, and prime headline rent ranging from 185 to 400 euros per annum depending on location, with prime yields on 6/9-year leases at 5.25 percent.

OfficeBrusselsBelgium

Updated 1 month agoPublished Dec 31, 2025

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Cushman & Wakefield

Brussels Office MarketBeat Q4 2025

Brussels office market take-up reached 341,000 square meters across 315 transactions in 2025, broadly in line with the previous year but 9% below the ten-year average, with Q4 particularly strong at approximately 140,000 square meters driven by the European Commission's 20,000 square meter deal. Investment volume totaled €914 million across 24 transactions in 2025, nearly 50% below the ten-year average, while prime CBD rents remained stable within the €370–390 per square meter per year range and overall office vacancy rose slightly to 9.25% by year end.

OfficeBrusselsBelgium

Updated 1 month agoPublished Dec 31, 2025

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JLL

Belgian commercial real estate 2025 review

JLL's 2025 review of Belgian commercial real estate documents major trends across offices, industrial and logistics, retail, and investment markets, with take-up in offices exceeding 360,000 m² (70% in Grade A buildings) while vacancy in Greater Brussels remained at 7.8% and rental values reached a record €193/m²/year on average. The investment market reached approximately 4.3 billion euros by early December, with industrial real estate recording an absolute record of 1.3 billion euros and Ultra High Net Worth private investors accounting for nearly a quarter of total volume, while the 2026 outlook remains cautious due to economic uncertainties and geopolitical conditions.

Capital MarketsOfficeRetailBrusselsBelgium

Updated 1 month agoPublished Dec 31, 2025

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CBRESubscription required

Brussels Office MarketView Q4 2025

This is a market report published by CBRE on December 31, 2025, covering the office sector in Brussels, Belgium.

OfficeBrusselsBelgium

Updated 1 month agoPublished Dec 31, 2025

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CBRESubscription required

Belgium Retail MarketView H1 2025

This is a retail market report published by CBRE in June 2025 covering the first half of 2025 in Belgium, with a focus on Brussels. The report provides market analysis and insights for the retail sector in the Belgian market during the H1 2025 period.

RetailBrusselsBelgium

Updated 1 month agoPublished Jun 30, 2025

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CBRESubscription required

Brussels Office MarketView Q2 2025

This is a quarterly market report on the office sector in Brussels, Belgium published by CBRE in June 2025.

OfficeBrusselsBelgium

Updated 1 month agoPublished Jun 30, 2025

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Image published by jll.com with the article “A first half of contrasts for Belgian real estate (H1 2025)” — Image: jll.com

JLL

Belgian real estate contrasts (H1 2025)

JLL's H1 2025 review of Belgian commercial real estate reports approximately €1.6 billion in total transaction volume, with industrial real estate reaching €768 million (nearly half the total), office investment at €216 million (the lowest since 2012), and retail at €346 million, while industrial vacancy remains below 3% nationally but occupier demand has weakened across most segments. The document projects 2025 will become the most successful year ever for Belgian industrial real estate investment due to major transactions including the €300 million Weerts portfolio sale to Intervest, while office sector remains subdued despite strong rental rates in Brussels (€400/sq m/year) and office take-up concentrating 75% in Grade A buildings.

Capital MarketsOfficeRetailBrusselsBelgium

Updated 1 month agoPublished Jun 30, 2025

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