Gross take-up jumped to 642,000 sqm, with volumes for the entire year nearly reaching 2.1 mln sqm. Net demand for the entire year reached 1.23 mln sqm. At the end of Q4 2025, 1.25 mln sqm of industrial space was under construction, remaining in line with the last quarter, with one-third expected to be delivered in Q1 2026. The vacancy rate reached 4.8 pct, up by 101 basis points year on year. Prague’s highest achievable rent remained stable for the fifth consecutive quarter, standing at EUR 7.00–EUR 7.50 per sqm per month.

The year 2025 ranked as the third-best year in terms of demand. Contrary to expectations, demand continued to be driven primarily by manufacturing companies, many linked to the automotive sector. At the same time, we observed a recovery in demand from retailers and the e-commerce segment — a trend we expect to continue throughout this year. However, it is also important to consider how long such a high level of demand can remain sustainable. As expected, vacancy rates have begun to rise in several regions. This may put pressure on rental levels in these areas and similarly affect future development activity. As a result, we may see a partial return to the pre-2021 environment, when a significant share of new construction consisted of BTS projects.
Jan Hrivnacky, head of industrial leasing, CBRE

TOTAL STOCK & NEW SUPPLY

The total stock of modern industrial space for lease in the Czech Republic reached 13.28 mln sqm. In Q4 2025, 229,000 sqm of new warehousing space was delivered to the market across 11 industrial parks. This represents a 75 pct increase compared to the previous quarter. The largest new completion this quarter was Industrial Park Nymburk (40,000 sqm), which was fully leased to Linde Wiemann. The second largest completion took place in Brno, where CTP completed a 36,000 sqm building for Hitachi Energy.

For the whole year, almost 813,500 sqm were newly delivered to the market, representing a 53 pct increase compared to 2024 volumes (532,900 sqm). The largest newly completed building overall was a 57,200 sqm property in Panattoni Park Ostrov – North, completed in Q1 2025 and fully pre-leased by ZF Automotive back in 2023.

PROJECTS UNDER CONSTRUCTION

At the end of Q4 2025, a total of 1,253,300 sqm of warehouse and manufacturing space was under construction in the Czech Republic. This represents only a decrease of -0.2 pct quarter on quarter and an increase of 22 pct year on year. This volume should, however, shrink significantly, as 430,000 sqm are scheduled to be delivered in Q1 2026.

The share of speculative construction decreased quarter on quarter to 27 pct. In Q4 2025, construction started on around 217,500 sqm of modern industrial space, only 11 pct of which was on a speculative basis. In addition, there is around 341,500 sqm of vacant space currently in the shell & core stage, awaiting completion once a tenant is secured.

INDUSTRIAL TAKE-UP

Gross take-up (including renegotiations) was 642,000 sqm in Q4 2025, This represents a 4 pct increase compared to the previous quarter and a 47 pct year-on-year increase. The share of renegotiations within total year-to-date gross take-up increased to 40 pct. For the entire year, gross take-up reached nearly 2.1 mln sqm.

Net take-up in Q4 2025 amounted to 371,500 sqm, decreasing 22 pct quarter on quarter and increasing by 69 pct year on year. Overall net take-up for the whole year amounted to over 1.2 mln sqm. This represents the 3rd strongest year on the Czech market in terms of new demand. For the entire year, including undisclosed transactions (6 pct of the total net take-up volume), the main drivers were manufacturing companies, accounting for over 49 pct of the net demand, followed by distribution companies (retail, e-commerce) with 25 pct and 3PL with 16 pct; the remaining 5 pct came from companies in other sectors.

The largest new transaction this quarter was by a distribution company in Panattoni Park Most Joseph, where it leased 51,900 sqm. The second largest was a pre-lease signed in Garbe Park Klášterec nad Ohří II by Reckitt, which leased 35,000 sqm. The largest renegotiation this quarter took place in P3 Prague D1, where a 3PL company renewed its 46,300 sqm premises. The largest new transaction in the year as a whole was done by VAFO Praha in VGP Park České Budějovice in Q3 2025, where it pre-leased a future development (54,600 sqm).

VACANCY

At the end of Q4 2025, the vacancy rate in the Czech Republic stood at 4.77 pct, representing a year-on-year increase of 101 basis points. As of the end of December 2025, there was nearly 633,600 sqm of modern industrial space available for immediate occupancy. Vacancy in Prague and the Central Bohemian Region has consistently remained below the national average, reaching 2.6 pct at the end of Q4 2025. The highest vacancy rate is currently in Moravia-Silesia, at nearly 14 pct (193,600 sqm).

RENT

Prime headline rents remained stable at around EUR 7.00­­­­–EUR 7.50 per sqm per month in the Czech Republic in Q4 2025. Selected prime locations outside of Prague follow a similar trend, achieving around EUR 5.60–EUR 6.60 sqm per month. Rents for mezzanine office space stood between EUR 9.50–EUR 12.50 sqm per month. Service charges typically range around EUR 0.75–EUR 1.00 sqm per month.

The Industrial Research Forum was established in 2010 with the aim of providing clients with consistent, accurate, and transparent data about the Czech industrial real estate market. The members of the Industrial Research Forum – CBRE, Colliers, Cushman & Wakefield, and iO Partners – share non-sensitive information and believe the establishment of the Industrial Research Forum enhances transparency on the Czech industrial market.