2020/Q1 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 over 8.6 million square meters. In the first quarter of 2020, a total of 436,620 sq m of modern industrial space was under construction, it's a decrease over the previous quarter. However, the vacancy rate of premium industrial premises risen to 5.0 %. The main locations in terms of the vacancy in Q1 were Lovosice, Ostrava, and Cheb. There is still a low vacancy rate in Prague and its surroundings and the supply is unable to satisfy demand. Developers are focusing their activities, in particular, in the Moravian-Silesian Region. Although the labor force situation in this region remains better than everywhere else in the Czech Republic, unemployment is still an obstacle.

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