Industrial research forum
About the Industrial Research Forum
The Industrial Research Forum was established in 2010 with its aim to provide clients with consistent, accurate and transparent data about the Czech Republic industrial real estate market. The members of the Industrial Research Forum, CBRE, Colliers International, Cushman & Wakefield and JLL, share non-sensitive information and believe the establishment of the Industrial Research Forum will enhance transparency on the Czech industrial market. The Industrial Research Forum is supported by the Royal Institute of Chartered Surveyors (RICS).
The Industrial Research Forum is pleased to announce the final Industrial Market figures for Q2 2018.
Supply of the industrial space in CR
Total modern developer-led warehouse stock in the Czech Republic currently totals 7.37 million sq m. Almost 170,700 sq m of new industrial space were delivered to the market in Q2 2018.
At the end of Q2 2018, the vacancy rate in the Czech Republic reached 3.7%, showing a decrease of 52 bps compared to the previous quarter. The vacancy rate in Prague decreased to a level of 2.7%, while the Olomouc region has the highest share of unoccupied industrial area (13.5%). The total of 274,300 sq m of modern industrial premises is ready for immediate occupation in the Czech Republic.
Gross take-up (including renegotiations) reached 313,300 sq m in the second quarter of 2018 showing a quarterly decrease of 25%. Compared to the same period in the previous year, gross take-up decreased by 11%.
Net take-up totalled 219,900 sq m in Q2 2018, which represents a quarterly increase of 14%. Year on year, net take-up decreased by approximately 15%. Net demand in Q2 2018 was mainly driven by manufacturing companies (44%).
The share of renegotiations accounted for 30% of total take-up in Q2 2018.
Major Leases within Take-up
The largest new transaction in Q2 2018 was a pre-lease of 24,700 sq m for a logistics company Europe Huajie Development in Panattoni Park Prague Airport II. The largest renegotiation was concluded by an undisclosed distribution company, who prolonged their lease of 13,400 sq m in Prologis Park Prague Jirny.
Source: Prague Research Forum
Your email address will not be published. Required fields are marked *
Current ye@r *
Leave this field empty
© 2018 Eurologport