Czech Industrial Market Q2 2026: Demand Rises as Vacancy Grows
The Czech industrial market recorded 248,400 sqm of net take-up in Q2 2026, up 40% y/y, while gross take-up reached 452,000 sqm, up 45% y/y. Total stock increased to 13.7 million sqm and vacancy rose to 5.5%. Demand strengthened as availability increased.
Pre-leases Support Demand
Pre-leases dominated Q2 net take-up, bringing the H1 2026 total to 440,900 sqm. Production accounted for 39% of H1 net take-up excluding undisclosed deals, followed by logistics at 38% and distribution at 18%. Major deals included a 41,800 sqm renegotiation at Prologis Park Prague Airport and pre-leases of 30,500 sqm at CTPark Žatec and 30,200 sqm at Panattoni Business Park Kladno I.
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New Supply Pushes Vacancy Higher
Q2 completions reached 145,000 sqm, down 40% y/y, and only 55% of newly delivered stock was pre-leased. A further 1.15 million sqm was under construction, 7% less than a year earlier. The vacancy rate increased by 67 bps y/y to 5.5%, creating a more occupier-friendly market.
Regional Pricing Remains Mixed
Prime rent in Prague and Central Bohemia held at EUR 7.25/sqm/month, with vacancy at 4.4%. Brno remained stable at EUR 7.00/sqm/month and had the lowest regional vacancy rate at 1.7%. Pilsen prime rent fell 12% y/y to EUR 5.75/sqm/month as vacancy reached 8.3%, while Ostrava rent stayed at EUR 6.00/sqm/month against vacancy of 15.6%.
In the next half-year, vacancy, the 1.15 million sqm pipeline and pre-leasing levels will be key indicators. Manufacturing-led demand remains a central driver, while rising availability supports a more occupier-friendly market. The development of Pilsen prime rents is another point to watch after a 12% y/y decline.
Head of Industrial
Head of Research
