Net demand for industrial property in the Czech Republic breaks record

Published: 30.07.2021 Related countries:  U.S.A. U.S.A.

Gross realised demand for industrial and logistics real estate in the Czech Republic in 2Q 2021 was 529,300 sqm. This is a 44% y/y increase.

Net demand was the highest in history, totaling 387,700 sqm (+107% y/y). The vacancy rate fell to 3%, (-170 bps). At the end of 2Q, 280,200 sqm of modern space was on the market ready for occupation. The highest achieved rents rose to EUR 5 per sqm/month, and in Prague and its surroundings to EUR 5.20 per sqm/month. This is according to a survey by the Industrial Research Forum (IRF), whose members are Cushman & Wakefield, CBRE, Colliers International, and JLL.

Source: CIA News.

Prepared by the team of CzechTrade office in New York.