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
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