Demand for halls grows by 12% in 1Q22

Published: 29.04.2022 Related countries:  United Arab Emirates United Arab Emirates

The total supply of Czech modern industrial space has surpassed the 9.9 million m2 mark.

By the end of 1Q 2022, more than 1.1 million m2 of new industrial space was under construction in the Czech Republic. This is according to a survey by the Industrial Research Forum (IRF), whose members are Cushman & Wakefield, CBRE, Colliers International, and JLL. Gross take-up (including renegotiations) reached 724,300 m2 and increased by 12% q/q. This is the second highest volume after the record-breaking 1Q 2021. The vacancy rate increased by 47 basis points to 1.8% compared to 4Q 2021. The hihest achieved rent was EUR 6.40/m2/month.

Source: CIA News