• In Q1/2023 stock of "A" class industrial premises for lease reached 11,195,751 sq m. 231,996 sq m of new industrial premises were delivered to the market.
  • There are currently 1,122,442 sq m under construction across all major industrial locations in the Czech Republic. We observe that many projects are delayed in the construction phase. However, these delays are not significant.
  • The vacancy rate increases again to 1.53% which represents 171,295 sq m with shell and core premises included. Excluding them, the vacancy rate rose slightly to 1.24% with 138,969 sq m available. There are also more available premises around Prague in the Central Bohemia region, which suffered from lack of available space for some time.
  • Both gross and net take-up showed good results considering negative expectations at the end of last year. These expectations were driven primarily by rising prices, energy crisis and so on. Gross take-up with prolongations reached 347,279 sq m while NET take-up 273,913 sq m - best results since Q2/2022.

„In the first quarter of 2023, many expectations from the previous quarter were not confirmed and the negative effects on the market did not play out as expected. The industrial market remains strong despite facing high interest rates, lower consumption by households, rising prices, inflation, cost optimalization by tenants or increasing demands on certification. Due to the rising costs, tenants are starting to prefer much "greaner" premises that can guarantee them higher savings in energy consumption and operations. Certification like BREEAM is becoming much more important and the long-popular standard "Very Good" grade is slowly being replaced in recent months by more stringent and prestigious "Excellent".” said Michal Bílý, head of the 108 AGENCY market research department.


Average monthly rents

€ 5.25/sq m – € 6.25/sq m

Total stock

11,195,751 sq m

Vacancy rate

1.53 %

Currently under construction

1,122,442 sq m

Yield "A" class

5.00 %

Yield "B" class

6.25 %