Record-breaking 2013 for industrial market, says C&W

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 development, the Czech industrial market will retain a sufficient amount of modern space available for lease and remain attractive for companies seeking quality for a good price,” says Jaroslav Kaizr, the head of Cushman & Wakefield’s industrial leasing team. A total of 1.22 mln sqm was leased on this market last year, according to C&W, for the first time exceeding a million and also breaking the record for a y-o-y increase (48 pct), while pushing the vacancy rate down to 6 pct.