Total industrial real estate market in Czechia to exceed 10 million m2 in 2022

Published: 21.11.2021 Related countries:  India India

With 621,424 m2 of industrial space under construction, the total industrial real estate market in Czech Republic is likely to exceed 10 million m2 in 2022.

The total area of modern industrial space for lease in the Czech Republic exceeded 9.63 million m2 in Q3 2021, 108 Agency reported, adding that 130,035 m2 was created in the quarter. New additions in 9M 2021 totalled 248,829 m2. The company expects the total industrial real estate market to exceed 10 million m2 in 2022. At the end of Q3, a total of 621,424 m2 was under construction. Vacancy rate reached 2.46%. Gross realized demand for 9M 2021 reached 1.72 million m2.

Source: www.cianews.cz