If you are looking for a small warehouse rental in Belgium, you have come to the right place. This article provides an analysis of the market, trends, and locations in the Belgian market. You can also learn about the types of compensation you can get for renting a warehouse in Belgium. Read on to discover the best ways to get the most out of your warehouse rental in Belgium. We’ve compiled a list of tips and tricks to make your search more successful.
Market analysis of the Belgian small warehouse rental market
In a recent market analysis, CEUSTERS, a leading logistic real estate company in Belgium, found that the Belgian small warehouse rental market remains steady in the face of tight supply. However, the availability of large spaces is increasingly scarce. In Belgium, the availability of light warehousing units ranges between 200 and 400 sq m. In the coming years, new developments are expected to include at least 10 modest-sized units.
The logistics sector in Belgium is booming. According to data from the Belgian Real Estate Agency, over 600,000 square metres of new warehouses will be built in 2019. The new buildings are becoming larger, more sophisticated and more diverse. As a result, rents are on the rise for the first time in years. Prices in prime locations in Brussels are reaching a record high of 55 euros per square metre. This is despite the fact that the COVID-19 pandemic has caused a spike in demand for storage space. Also, with the growth of e-commerce in Belgium, businesses are being forced to build strategic stock.
There are a number of factors driving the growth of small warehouse rental in Belgium. For one, e-commerce is booming and is making the need for more warehouse space even greater. It’s no surprise that online sales proved to be a lifeline for companies during the COVID-19 pandemic and are expected to continue to do so. Additionally, Belgium has ample room for growth and is much cheaper than East Flanders or Antwerp.
While the European logistics market has been grappling with supply constraints, small warehouse rental has remained a relatively easy market. Despite the limited supply of large industrial and logistics units, new developments in Belgium are expected to continue to include as many as 10 modest-sized units. The 1% availability figure in Q4 2021 for logistics real estate in Belgium is indicative of the strong demand for small warehouse rental space in the country. The overall availability figure in this region is also the highest over the past five years.
There are many reasons to consider location of your small warehouse in Belgium. For one, Brussels has a booming retail industry. You will be able to find high-quality office spaces with modern amenities, and you will be able to find a wide range of affordable options. In addition, the city has many high-tech business centers and office buildings. You can rent space that fits your needs and your budget with the help of professional service providers like Storefront.
If you are looking for a location in the city, you can opt for the WDP complex near the city of Leuven. The complex has over 14,000 square meters of warehouses and 3,000 square meters of office space. You can enter the 5267 m2 warehouse via a ground-floor gate. The warehouse space is 8-m high, with a free ceiling. The WDP offices are located on the first and second floors, and can be divided into smaller compartments.
Compensation for a warehouse rental in Belgium
The logistics sector in Belgium is growing at a rapid rate. Over the next three years, the country expects to add more than 600,000 square metres of new warehouse space. In fact, the sector is growing so rapidly that there is only one percent of space available for rental. With such a low vacancy rate, available space is being rented in record time. In addition, the country has been losing large warehouses to the Netherlands as the COVID-19 pandemic weakened the economy. Additionally, e-commerce is growing rapidly, and Belgian businesses are required to stock up on strategic stocks.
In order to protect the landlord, the rents are subject to VAT in the country where they are located. Belgian VAT is currently 21%, and the VAT directive ndeg112/2006 is transposed in the VAT code. As such, payments for leases of warehouse space in Belgium are subject to VAT at the standard rate of 21%. However, the law does not prevent landlords from increasing the rents at their own discretion. The law also allows landlords and tenants to agree on an early termination of the lease.