Czech Industrial Market Q3 2025: Solid Growth, Strong Demand and Low Vacancy
The Czech industrial and logistics market continued its strong performance in Q3 2025. Demand was driven mainly by manufacturing companies and a high share of pre-leases, while supply remained constrained due to low vacancy and a declining share of speculative development.
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Supply & Development
A total of 130,800 sqm of new industrial space was completed in Q3 2025.
An additional 1.26 million sqm is currently under construction, with speculative development falling to 35%, indicating increased caution among developers and consistently strong demand from secured tenants.
The total stock reached 12.9 million sqm.
Demand & Leasing Activity
Net take-up amounted to 483,900 sqm, representing a 130% year-on-year increase. Pre-leases accounted for the majority of this exceptional result.
Manufacturing companies remained the key demand driver, making up 48% of all new transactions in Q1–Q3 2025. Gross take-up totalled 608,900 sqm.
The vacancy rate remained low at 4.0%, still below the long-term average and supporting rental stability.
Rents & Investment Market
Prime rents in Prague remained stable at €7.25/sqm/month.
Prime yield stood at 5.00%.
Investment activity was more subdued, with a total volume of €102 million recorded in Q3 2025, reflecting continued selectivity among investors in a challenging macro environment.
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Regional Director Industrial Agency
Head of Research Czechia
