Czech Industrial Market Hits New Heights in Q2 2024: Over 12 Million sqm and Rising

The modern industrial stock of the Czech Republic surpassed 12 million m² in the second quarter of 2024, with 117,500 m² of new space completed during this quarter. An additional 0.97 million m² is under construction, with speculative projects accounting for nearly a third. The vacancy rate for industrial spaces increased to 2.9%, while manufacturing companies dominated the net leasing volume, accounting for 57% of new contracts. Despite this growth, rents for prime spaces in Prague slightly decreased to €7.25 per m² per month.