After the exceptional peak during the corona period, the Belgian logistics real estate market will cool down in 2025. According to the report ‘Belgium Industrial Market Dynamics Q3 2025′ JLL’s logistics take-up fell by 23% compared to last year, but Belgium remains attractive as a European distribution hub.
The logistics take-up amounted to 264,735 m² in the first three quarters of 2025, more than half below the five-year average, which was strongly influenced by the pandemic. Nevertheless, the market remains active, with transactions by Gosselin Group (26,000 m² in Genk), KDL International (18,000 m² along the Antwerp-Ghent axis) and VPD Transport (9,000 m² in Charleroi). More than half of the demand comes from logistics service providers, followed by manufacturers (25%) and retailers and e-commerce (19%).
The semi-industrial sector keeps the total industrial market afloat and represents two-thirds of the total take-up. That segment grew by 22% compared to last year. Due to stricter financing conditions and limited availability, 74% of transactions are via rental.
The vacancy rate along the Antwerp-Brussels axis remains low at 2.33%, while rental prices vary regionally. In Brussels and Ghent, prime rents rose by 12% and 14% respectively, while Antwerp and Liège remained stable. For modern logistics buildings in prime locations, a prime rent of 75 euros per square meter per year is quoted.
According to JLL, Belgium remains a core player within the European logistics network, ready to benefit from a recovery once international supply chains further stabilize.
