Publications

The Belgian office market ended 2025 in a context of gradual stabilisation. Economic growth reached approximately 1.2%, while inflation declined to an average of around 2.5%. Lower short-term interest rates and a stable 17-year OLO yield of around 3.70% contributed to increased price transparency and renewed confidence. The market shifted from a correction phase towards selective renewed investment activity. Although investment volumes remained below the historical average, they clearly focused on sustainable and future-proof office assets. The ongoing polarisation between prime and obsolete buildings persisted. Prime office rents in Brussels remained around €400/m², with a rental premium of 5–10% for BREEAM Excellent or Outstanding assets.

Despite a more balanced occupier market in 2025, structural scarcity of prime logistics real estate continues to drive rental growth and strong investor demand. This scarcity is slightly compressing prime yields and accelerating a shift toward value-add strategies and sale-and-leaseback structures, while older buildings and secondary locations face increasing challenges.

Revenues from exporting surplus electricity from PV installations are decreasing and negative prices are becoming more common. At the same time, the growth of renewable energy and electrification is increasing grid congestion, making operational flexibility essential. Battery storage in combination with an Energy Management System (EMS) unlock value through higher self-consumption and reduced curtailment. Value is primarily realized through behind-the-meter applications and depends on a volatile energy profile, and reliable grid access.

The Kotkompas Pricing Update 2025-2026 maps current student housing rents across Belgium. The average cost of tenancy (COT)—rent including charges—stands at €590/month, up €15 or +2.6% year-on-year, in line with inflation. Base rents average €485/month (~+2%). Regional patterns persist, with Brussels as the priciest market and Wallonia lower on average; Flanders tracks the national mean.

After a challenging period, the retail market is clearly recovering. Investment volumes have more than doubled compared to 2024, and both private and institutional investors are showing growing interest. Retail real estate is once again seen as a stable investment in an uncertain economy.
The importance of physical shopping continues to increase, especially when it is strengthened through digitalisation and can therefore offer a seamless omnichannel experience. Successful retail concepts place consumer needs at the centre, with the necessary attention to experience, emotions, connection, and sustainability.
In this edition, we also devote extensive attention to the upcoming ESG legislation and the business case of solar panels. Stadim spoke with Wattson to discuss the importance of sustainability within retail real estate.
Discover all insights in the very first Stadim Focus Retail and stay informed about the developments within Belgian retail real estate.

At the end of 2024, the Belgian office market is experiencing a shift, influenced by economic factors and evolving work models. Economic growth in Belgium exceeded the Eurozone average, but high financing costs and the absence of institutional investors remain challenges. At the same time, the shift toward hybrid work models and the focus on sustainability are driving increased demand for high-quality, sustainable office spaces. This Stadim Focus explores the impact of sustainability on real estate value, the evolution of the market, and current trends, such as the growing demand for well-connected offices that foster collaboration. Additionally, a case study illustrates how smart renovation strategies contribute to long-term value creation.

The Belgian logistics real estate has shown great resilience in the first half of 2024. Demand for semi-industrial and logistics properties has stayed strong in recent months and prime rents are still going up, albeit at a slower rate. But what impact does the greater demand for decentralization have? And how do do floods and other increasingly frequent climate risks influence the value of logistics properties? Read all about it in our new Stadim Focus - logistics real estate in the first half of 2024.

Happy to announce Volume II of StadimFocus, our periodic real estate market analysis. In this edition, we shine a spotlight on the Belgian office market, which is currently undergoing a significant transition to better meet the demands of investors and tenants. We explore prime rents and yields in the country's major cities, with a particular focus on the capital, and delve into the sustainability drivers, frameworks, instruments, and strategies that are revitalising the market after its recent decline. Key topics include reconversion, building certifications, and investments in eco-friendly offices and workplaces that enhance employees' lives. To conclude, we provide an analysis of the Carbon Risk Real Estate Monitor (CRREM) and a comparative study that clearly demonstrates the value of this innovative carbon reduction tool in protecting real estate from stranding.

We proudly present the first edition of Stadim Focus, a market report that zooms in on a specific real estate market. This inaugural Stadim Focus examines the current logistics real estate world, providing insights into the effects of inflation stabilisation, persistent space shortages, and rising prime rents and yields. ESG (Environmental, Social, and Governance) is also becoming an integral part of this real estate sector.

Stadim en DiggitStudentLife publiceren de vierde editie van het Kotkompas. We geven een update van de Belgische studentenaantallen en de top 10 studentensteden, lichten de evolutie in huurprijzen en investeringsmarkt toe, interviewen 3 stakeholders binnen de Belgisch én Europese studentenhuisvestingsmarkt, brengen u een status rond AI en ESG én toetsen alles af aan de resultaten van onze survey met 1500 respondenten.

For the third year in a row, Diggit Studentlife and Stadim release the Kotkompas. The 2022 study shows that the shortage of (affordable) student accommodation remains acute. The Kotkompas 2022 maps the Belgian student housing market and rental price evolution. To obtain a more correct price comparison, we introduce the concept of the COT (cost of tenancy). The ESG theme increasingly dominates debates around student housing.

Stadim & Diggit StudentLife launch the Kotkompas 2021. The report gives an update of the Belgian market of student housing and covers among others the evolution of the number of students, the Top 10 student cities, etc.

By 2030 there will be a need for 95,000 more student homes in Belgium. This is one of the conclusions of a market study by Stadim & Diggit StudentLife. Kotkompas 2020 tries to bring greater understanding and clarity to the student housing market.