Retail Property in Belgium | JLL
The Belgian retail property market can be divided into 3 segments: high streets, shopping centres and retail warehousing. An overview of the volumes registered on both the occupier and investment markets is detailed further in this publication. The prime Belgian retail streets are the main shopping streets in the Big Six: Brussels, Antwerp, Bruges, Ghent, Li.ge and Hasselt. E-commerce is a growth market in Belgium, and shops are adapting their formats to the evolving retail landscape.
Looking forward, new large shopping centre projects are foreseen for delivery from 2016 onwards. Prime rent currently stands at €2,000/m./year for prime locations. Rents are stable to rising in prime locations and under downward pressure in secondary locations. Vacancy in prime shopping centres and high streets remains low.
