Factors driving the increase in warehouses in Belgium :
Belgium's strategic location in the heart of Europe has made it a prime destination for logistics and transportation companies. The country is home to several major ports, including the Port of Antwerp, which is one of the largest ports in the world. Additionally, Belgium has an extensive network of highways and railways, which makes it easy to transport goods throughout the continent.
Another factor driving the increase in warehouses is the rise of e-commerce. As more people shop online, there is a growing need for companies to store and distribute goods quickly and efficiently. This has led to a surge in demand for warehouses and distribution centers in Belgium.
Impact on the Belgian economy :
The growth of the warehousing industry has had a significant impact on the Belgian economy. According to a report by the Oxford Economics, the logistics sector accounts for around 6% of Belgium's GDP and employs over 300,000 people.
Furthermore, the increase in warehouses has led to a rise in property prices and investments in the real estate sector. Many companies are looking to invest in warehouses and distribution centers in Belgium, which has driven up demand for industrial properties.
In conclusion, the increase in warehouses in Belgium over the past 15 years can be attributed to the country's central location in Europe, strong transportation infrastructure, and the rise of e-commerce. This growth has had a positive impact on the Belgian economy, creating jobs and driving investments in the real estate sector.
