CZECH REPUBLIC Czech industrial space and sites dry up
Warehouse & industrialschedule 18 February 2021
The shortage of available space is pushing rents up and vacancy down
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The Czech industrial and logistics market is currently suffering from a shortage of both premises and land suitable for their construction, according to real estate consultancy 108 Agency.
This has mainly been due to the growing demand and the fact that local authorities haven’t been provided with the tax incentives needed to construct them. The situation is most evident in the vicinity of large cities and is also influencing the growth of rent levels. Prices per sqm could increase by up to 10 pct in Prague and Brno.
We are still dealing with a lack of land suitable for industrial development. Locations that were not previously considered lucrative are becoming desirable
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