2017/Q3 INDUSTRIAL PROPERTY MARKET REPORT
We bring you a professional view of the current industrial property market.
The industrial market in the Czech Republic responds to the economic boom by the strong development of the construction. Although the number of newly completed projects was relatively lower in relation to Q1 or Q2, the overall volume of ongoing construction at the level of 708,000 sq m of modern warehouse areas confirms this optimism. Developers respond to strong demand also by stronger development of speculative construction, especially in the wider area of Prague.
An interesting trend of recent times is also the growing share of so-called “big box” solutions built to exclusive use by one client, usually being distribution centres targeted at the entire CEE region, along with Western European regions.Back