A closer look at the Antwerp industrial market – The Antwerp district’s borders aren’t aligned with those of the Antwerp province. In the west, the district includes the east bank of the port. In the south, it excludes Mechelen, where the rivers Rupel and Nete delimit the district’s natural border. In the north-east, it’s limited to the municipalities of Kapellen, Brasschaat and Wijnegem.
In a district area, one can assume there is a coherent market dynamic and prices are fairly consistent. They mark out the perimeter within which an occupant should look to invest.
Semi-industrial and logistics stock in Antwerp represents upwards of 10 million square metres: nearly 27% of Belgium’s total stock. It’s the largest industrial market in Belgium, followed by Flemish Brabant (3.6 million square metres) and Mechelen-Willebroek and the Kempen (each around 3 million square metres).
This total stock is made up of 3 million square metres of semi-industrial real estate and over 7 million square metres of logistics warehousing.
As much as 28% of the Antwerp logistics stock is comprised of Grade A and B surfaces, due to occupiers’ demand for modern spaces.
Occupiers’ logistics activities mean they have specific requirements as regards office-warehouse ratio, height under beam and the number of docks provided, forcing developers to fully tailor their offer to each client’s wishes.
However promising and crucial the city’s industrial, semi-industrial and logistics real estate may be, Antwerp faces a certain challenge, with demand rising and the pool of available land reducing. As a result, major developments in Antwerp have practically come to a standstill. Prospects are currently limited to around 30,000 square metres of delivered turnkey projects for 2019.
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