Q4 2024: Czech Industrial Market

In Q4 2024, the Czech Republic’s industrial real estate sector grew to 12.28 million sqm of modern space. Over the year, 517,900 sqm was completed (55% of 2023 levels), while 980,000 sqm remains under construction, with speculative development down to 31%. For the full year, net demand totalled 884,100 sqm (-14% YoY), and gross take-up reached 1.43 million sqm (-12% YoY). Despite these declines, the market remains active. Vacancy rose slightly to 3.1%, while manufacturing companies accounted for 53% of all new deals in Q4. Prime rents in Prague held steady at €7.25 per sqm per month.