Czech Industrial Market Hits New Heights in Q2 2024: Over 12 Million sqm and Rising

The Czech Republic's modern industrial stock surged past 12 million sqm in Q2 2024, with 117,500 sqm of new space completed this quarter. An additional 0.97 million sqm is under construction, with speculative projects comprising nearly a third. The industrial vacancy rate rose to 2.9%, while manufacturing companies dominated net take-up, accounting for 57% of new deals. Despite this growth, prime rents in Prague slightly decreased to €7.25 per sqm per month.