2019/Q4 INDUSTRIAL PROPERTY MARKET REPORT
We bring you a professional view of the current industrial property market.
The total area of modern industrial space for lease is almost 8.5 million square meters. In the fourth quarter of 2019, a total of 632,000 sq m of modern industrial space was under construction, it is an increase over the previous quarter. However, the vacancy rate of premium industrial premises fell slightly to 4.0 %. There is a low vacancy rate in Prague and its surroundings and the supply is unable to satisfy demand. We can see the occupation of the last vacant premises. Developers are focusing their activities, in particular, the Moravian-Silesian Region. The main limiting factor is the labour force, with average unemployment of around 2 %.Back