Record-breaking 2013 for industrial market, says C&W
Warehouse & industrialschedule 29 January 2014
Take-up exceeded 1 mln sqm for the first time last year
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CZECH REPUBLIC Almost 300,000 sqm of new industrial space for lease was built in the Czech Republic last year – a 170 pct y-o-y increase, according to Cushman & Wakefield.
By contrast, the consultancy’s figures show that only 108,000 sqm of modern rental space was built in 2012. C&W explains the growth as being mostly due to the strong long-term demand for modern industrial halls and better access to capital for developers. Around another 200,000 sqm, most of which is pre-leased, is in the pipeline. “The construction of 200 to 300,000 sqm per year is proving to be balanced and sustainable in the long-term perspective. With such an amount of new dev
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