Czech Republic Czech industrial back on the up
Warehouse & industrialschedule 27 September 2024
Jiří Kristek states that investors are primarily interested in core-plus and value-added products
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Demand for industrial space is stabilising across Europe, as indicated by the recent European Logistic Update report by Cushman & Wakefield. In the Czech Republic, the situation is now returning to pre-pandemic levels.
Across the entire CEE region, the demand is primarily driven by manufacturing companies, especially in the automotive industry. Several nearshoring transactions are being completed in the Czech Republic, with more production activities being relocated closer to end customers. Further demand continues to come in.
The volume of construction projects has decreased by app. 25 pct compared to Q2 2022. This is mainly due to more cautious behaviour in planning new developments and avoiding speculative
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