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.
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Head of Research iO Partners Czechia
Regional Director of Industrial Agency
