Record-high growth and record-low vacancy as market exceeds 10.6 million sq m

In western Bohemia, near Cheb, the largest real estate transaction in the history of the Czech Republic has taken place involving a lease of almost a quarter million meters in size

As part of the agreement, the project’s carbon footprint will be calculated from the start of construction which proves the commitment of the business to care about environmental principles

The total area of Czech modern industrial space reached 10.1 million sq m
• The largest lease agreement in the history of IRF was signed: a pre-lease of 233,700 sq m
• Industrial warehouse and hall vacancy rates are declining again, standing at just under 1.5% at the end of Q2
• The highest achievable rents rose again throughout the Czech Republic, the most in Prague, up to EUR 7.50 per sq m per month

Revitalisation of brownfields has recently found its way to the spotlight of various media. In the following article, the experts from the Colliers Industrial Team in the Czech Republic shed some light on the topic.

The Czech branch of Colliers, a leading provider of diversified professional services for commercial real estate and investment management, published a survey of the industrial market for the first quarter of 2022

Colliers brings you the latest report on the Czech industial market

- Record amount of new completions in Q1 2022
- Stock is nearing 10 million sqm
- More than 1 million sqm under construction

Colliers brings you the latest report on the Czech industial market

• Modern industrial stock in the Czech Republic surpassed 9.6 million sq m
• Currently, more than 1,100,000 sq m of A-class warehouse is under construction

• The amount of completed space in Q3 was the largest since Q2 2020, mainly in Greater Prague and Pilsen.
• The most extensive new construction commenced in the Olomouc region – a new distribution centre of Amazon.