Record year for the industrial real estate market in Belgium (JLL) – Immo
With a record number of transactions, the Belgian industrial and logistics real estate market recorded the best subscription volume in its history in 2021, said commercial real estate specialist JLL on Wednesday. Semi-industrial real estate performed particularly well, mainly due to the large number of transactions in new business parks.
In 2021, a total volume of 2.28 million m2 was recorded, 15% more than in 2020, a year marked by the covid crisis. This volume is also 12% above the five-year average and 25% above the ten-year average.
Nevertheless, differences are noticeable between the market segments: semi-industry records the highest volume ever reached, while logistics gives up some ground despite strong user demand.
Indeed, 813,000 m2 of logistics premises were let and sold in Belgium, i.e. 17% less than the 2020 volume and 21% less than the five-year average, but 6% more than the ten-year average. “The obvious reason for this is the continued scarcity of supply,” says JLL.
Conversely, 2021 will have been a great success for the semi-industrial space market: nearly 1.48 million m2 have been sold or rented, i.e. 45% more than in 2020 and 31% more than the average of the last five years.
In 2021, a total volume of 2.28 million m2 was recorded, which is 15% more than in 2020, a year marked by the covid crisis. This volume is also 12% above the five-year average and 25% above the ten-year average. Nevertheless, differences are noticeable between the market segments: semi-industry records the highest volume ever reached, while logistics gives up some ground despite strong user demand. Indeed, 813,000 m2 of logistics premises were let and sold in Belgium, i.e. 17% less than the 2020 volume and 21% less than the five-year average, but 6% more than the ten-year average. “The obvious reason for this is the continued scarcity of supply,” says JLL. Conversely, 2021 will have been a great success for the semi-industrial space market: nearly 1.48 million m2 have been sold or rented, i.e. 45% more than in 2020 and 31% more than the average of the last five years.