Brussels leads with double-digit rent growth
Businesses eyeing logistics space in the Belgian capital should note the substantial 12% rise in rents for prime locations in Brussels during 2025. This surge pushes average rents to €75 per square meter per year, reflecting a robust and competitive market. This upward trend positions Brussels as a dynamic hub, despite broader European slowdowns in rent growth.
Antwerp's stability amidst regional growth
In contrast to Brussels, the logistics real estate market in Antwerp maintained stability, with prime rents holding steady at approximately €68 per square meter per year. This offers a slightly more predictable cost environment for businesses considering locations along this vital economic corridor, providing an alternative for those prioritizing rent stability.
Low vacancy rates signal a tight market
Despite the increase in rents, the overall warehouse vacancy rate across the Brussels-Antwerp axis remains exceptionally low at just 2.33%. This figure is significantly below the European average of 6.3%, indicating a scarcity of available logistics and industrial properties. For businesses, this translates into a competitive landscape where securing optimal space requires proactive planning and decision-making.
Transaction volume halves, yet demand persists
The market saw a reduced transaction volume for logistics real estate in 2025, with less than 500,000 m² recorded by early December – half the average volume of the past five years. This decrease might suggest a cautious approach from investors or a limited supply of large-scale properties coming to market. Nevertheless, the sustained low vacancy rate and rising rents in key areas like Brussels confirm that underlying demand for quality logistics space persists.
Notable deals highlight market activity
Key transactions underline the ongoing activity and strategic importance of the region. Notable pre-leases by Aertssen Group and Van Moer in Beringen, alongside WDP-Gosselin's lease in Genk-Zuid/Bilzen, demonstrate continued investment and expansion by major players. These deals reinforce the attractiveness of Belgium's logistics corridor for businesses seeking strategic distribution and warehousing solutions.
What this means for your business
The latest trends from the JLL 2025 professional real estate report indicate a nuanced yet positive outlook for logistics real estate along the Brussels-Antwerp axis. While rising rents in Brussels suggest higher operational costs, the extremely low vacancy rate across the region underscores the high demand and limited availability of prime properties. Businesses looking to expand or establish new logistics operations in Belgium should be prepared for a competitive market, potentially higher rental costs in key areas, and the need for swift action to secure desirable space.
Source: transportmedia.be
