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An Overview of Belgium’s Small Warehouse Rental Market

This article provides an overview of Belgium’s Small warehouse rental market. The analysis covers the location, rents, and VAT. It also provides an overview of the various types of small warehouses. If you’re considering setting up shop in Belgium, this article will provide you with the information you need to get started. We’ll also touch upon important considerations when it comes to the location. To learn more about this market, you can read our guide.

Market analysis of Belgium’s small warehouse rental

This market report on Belgium’s small warehouse rental space illustrates the trends in the industrial real estate sector in the second half of 2018. It explains how the Belgian market is performing, compiles data, and highlights the potential of the Belgian market. For this analysis, we used statistics from the European Commission’s Industrial Property Database (IPED) to analyze the dynamics of the Belgian warehouse market. The market is expected to remain stable in 2014 and beyond, largely due to improved regulations relating to night work.

The Netherlands and France are among the most expensive European countries to rent small industrial space, but the Belgian market has bucked this trend. The Belgian market is generally conservative and stable, but it is relatively inexpensive compared to its more expensive neighbors. In contrast, markets with a shortage of land and supply are experiencing growth and compression of yields. In Belgium, office yields have held steady, but rents in industrial space have increased significantly.

Locations

You can find various locations to rent a small warehouse in Belgium. The city center is home to several major companies and institutions and is also a good place to do co-working. The cost of renting co-working space starts at EUR300 per person per month while private serviced offices cost from EUR500 per person per month. Dominic had started his company in Marylebone and needed office space in the city centre to expand.

In the past year, Belgium has witnessed an increase in the number of logistics facilities. The country is set to add more than 600,000 square metres of warehouse space this year, an eight percent increase over 2018. The market has exploded and currently has the lowest vacancy rate in Europe. In fact, available space is being rented out in record time. However, in spite of this, the Belgian logistics sector is experiencing some setbacks, including the loss of many large warehouses to the Netherlands in the past few years. Moreover, the country is facing a growing e-commerce industry, which is making it even more essential to store stocks.

Rents

If you are in the market for a small warehouse in Belgium, there are several options to consider. You can choose from a variety of different options depending on your needs and budget. You may choose from short-term to long-term rentals, and you can select the right space for your specific needs. The ideal length of your lease will depend on the duration of your business. In Belgium, you can choose a temporary retail space for anywhere from 6 months to two years.

In Belgium, the logistics sector has grown significantly in recent years, with more than two million square metres of space being added this year. The number of vacant warehouse spaces has fallen to a record low of one percent. This means that available space is being snapped up in record time. As a result, the Belgian market continues to experience strong growth, despite the COVID-19 pandemic. Meanwhile, e-commerce in the country is expected to increase the demand for warehouse space, so that the country’s rental rates keep rising.

VAT

A few years ago, Belgium introduced a new VAT regime for immovable rental. This was one of the most significant changes in the VAT area in a decade. Now, Belgian landlords can charge VAT on small warehouse rental as if they were renting a home. However, if you are renting a small warehouse that is attached to an office building or a store, you will not be able to use this system.

The new rules in Belgium specify which warehousing services are connected to immovable property and which are not. These rules were adopted in response to the European Court’s C-155/12 RR Donnelley case last year and anticipate the new Council Implementing Regulation no. 1042/2013, which will become binding in all EU Member States by 2017.

Speculative developments in the logistics sector after the GFC

After the financial crisis, the logistics industry in Europe is dealing with supply constraints, limited developable land, and stringent planning regimes. A recent report authored by Cushman & Wakefield, a leading global real estate services firm, analyzed these and other factors in a new report titled Speculative developments in the logistics sector after the GFC. While speculative development is up in Europe, built-to-suit development is still the bulk of construction. This has left some core logistics markets in crisis and leasing activity has recovered remarkably.

The report analyzed the impact of current construction volume on the UK logistics market and the broader industrial market. It concluded that low vacancies and the scarcity of land in prime locations have prevented oversupply. Meanwhile, pent-up demand for Grade A space will support rental growth, according to the report. The report also points to the need for increased supply in the UK logistics market. Speculative development is a welcome sign, especially in North and West Yorkshire, where supply is limited and demand is high.

Availability of space

Belgium is one of the most sought after European countries when it comes to small warehouse rental. There are several reasons for this. First of all, the logistics industry is growing in size. According to the Belgium Statistics Agency, there are about 600,000 square metres of new warehouse space in the pipeline. Warehouses are becoming larger, more sophisticated and diverse. Secondly, the COVID-19 pandemic and e-commerce are increasing the demand for warehouse space.

Second, Belgium borders the Netherlands, Germany, France, and the United Kingdom. The country boasts of an extremely competitive market due to its close proximity to economic powerhouses. Furthermore, this small, multicultural country is the gateway to over 500 million customers in the rest of Europe. With these advantages in mind, there’s no reason to pass up a chance to set up shop here. With these benefits, it’s easy to see why so many business owners choose Belgium as a warehouse rental destination.