Real estate agent JLL has just published an analysis for the first half of 2025 in Belgium. With regard to logistics real estate, the signals are mixed: JLL notes both a record number of financial transactions and a decrease in Uptake.
For the first time, real estate transactions in the industrial and logistics sector exceeded the transactions in the office sector, with a ‘market share’ of almost 50 %. It is true that one transaction of 300 million euros (in a total of 1.6 billion euros) had a major impact. This is of course about the deal between Weerts Group and Intervest, about which we reported a few days ago. According to JLL, other transactions should be completed before the end of the year, which would exceed the 1 billion euros limit for the industrial/logistics sector.
However, JLL notes a delay in the upake of logistics buildings: only 199.236 m² in the first half year, a decrease of 29% compared to the first half of 2024. The average size of the logistics transactions has also decreased. The vacancy of warehouses remains slightly below 3%, while on the AS Brussels-Antwerp it is only 2.16%, which remains one of the lowest levels in Europe.
