Stadim Focus Logistics & Industry H1 2025: Sustainability and geopolitical uncertainty influence Belgian logistics market

The Belgian economy got off to a strong start in early 2025, but it is now slowing down due to geopolitical tensions, trade uncertainties and rising interest rates. This has a clear impact on the logistics real estate market. Vacancy rates are increasing, especially for older and less sustainable properties in secondary locations. At the same time, demand is growing for strategically located, sustainable buildings.

Despite increased vacancy rates, rents for prime logistics properties continue to rise slightly. The scarcity of modern, ESG-compliant buildings is driving this trend. Investors remain cautious, but are showing increasing interest in high-quality and sustainably certified properties in prime locations. BREEAM certification is therefore gaining importance within the sector.

Furthermore, a new 10% capital gains tax on financial assets will take effect on January 1, 2026. It applies only to capital gains realized after Dec. 31, 2025. To exempt historical gains, a property valuation as of that date is strongly recommended. An independent appraisal is essential to arrive at a correct valuation of the business and ensure tax optimization.