The Czech
industrial real estate market grew by 269,100 m2 in 1H 2023 and reached almost
11.3 million m2. The year-on-year growth is 11%. Nearly 1.5 million m2 is
currently under construction. They are expected to be launched on the market in
the next 6-18 months. The vacancy rate is currently 1.71%.
Colliers' research
also shows that construction in and around Prague is slowing down due to a
shortage of land and more complicated permitting. In other regions,
construction is booming: 26% of all construction is taking place in the Karlovy
Vary Region, 13% in the Plzeň Region and 12% each in the South Moravian, Ústí
nad Moravskoslezsky Regions.
Rental prices have fallen slightly after two years
of growth. In Prague they are
EUR 7.50-7.80/m2/month. It can be expected that prices will decrease and
stabilise at EUR 7.00-7.50/m2/month.
Source:
Daily news | ČIA news
CzechTrade Australia