Czech Industrial Market Q1 2026: New Supply Fully Absorbed, Rents Remain Stable
The Czech industrial market recorded net take-up of 192,500 sqm in Q1 2026, while gross take-up reached 414,000 sqm. Total stock increased to 13.6M sqm, with vacancy standing at 4.7%. Prime rents remained stable at EUR 7.25/sqm/month, pointing to a resilient and balanced market.
Demand driven by logistics activity
Demand was driven primarily by logistics, accounting for 52% of net take-up, followed by production at 32%. New leases dominated activity, with renegotiations and pre-leases also present among the largest deals. Despite lower overall volumes, leasing activity remained supported by occupier demand in core logistics locations.
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Strong pre-leasing supports new supply
Development activity remained robust, with 307,000 sqm completed in Q1. Notably, 97% of newly delivered space was already pre-leased, underlining strong occupier demand. The pipeline reached 1.14M sqm, while vacancy edged down slightly compared to the previous quarter.
Rents stable across key markets
Prime rents remained unchanged across most regions. Prague and Central Bohemia held at EUR 7.25/sqm/month, while Brno reached EUR 7.00 and both Pilsen and Ostrava stood at EUR 6.00. Vacancy levels varied significantly across regions, from low levels in Brno to higher availability in Ostrava.
Pre-leasing activity and logistics demand are expected to remain key drivers in the coming months. With a solid pipeline and stable rental levels, further development activity and occupier decisions will shape market performance in the next period.
Head of Industrial
Head of Research
