Q2 2024: Czech Industrial Market

In the second quarter of 2024, the Czech Republic’s industrial real estate sector achieved a major milestone, surpassing 12 million square meters of modern industrial space. With 117,500 sqm of new space completed and nearly a million square meters still under construction, the sector shows continued growth despite a vacancy rate increase to 2.9%. Manufacturing companies played a key role, responsible for 57% of all new deals, while prime rents in Prague experienced a slight decrease, reaching €7.25 per sqm per month.