New warehouses in the Czech Republic will add 1 million m2 this year

Published: 27.10.2022 Related countries:  New Zealand New Zealand, Australia Australia

The vacancy rate is still around 1%. New tenants have to count on the requirements for at least five-year contracts

Warehouse space in the Czech Republic will grow by 1 million m2 in 2022. The total volume of modern industrial space for lease currently exceeds 10.65 million m2. The date were published by 108 Agency. The vacancy rate is still around 1%. Most vacant halls are located in the Plzeň and Moravia-Silesia Regions. Developers practically do not offer short-term leases, new tenants have to count on the requirements for at least five-year contracts. Rent growth in Prague and other regions has stopped in Q3 2022. Total costs, which reflect high energy prices, are still rising. Premises with arranged renewables have a competitive advantage.
 
Source: Daily news | ČIA news
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