The total stock of modern industrial space for lease in the Czech Republic reached 13.78 mln sqm. In Q2 2026, a total of 189,600 sqm of new warehousing space was delivered to the market across 10 industrial parks. This represents a 37 pct decrease compared to the previous quarter and a 21 pct decrease compared to the same period last year.

The largest completed project in Q2 2026 was CTPark Brno Líšeň (45,000 sqm). The second largest completed project was EQT Exeter Park Prague D8 Lužec (44,200 sqm). Both projects were delivered on a speculative basis. The third largest completed project was Aventin Business Park Dyje (24,500 sqm), which was fully leased upon completion.

PROJECTS UNDER CONSTRUCTION

At the end of Q2 2026, a total of 1,107,300 sqm of warehouse and manufacturing space was under construction in the Czech Republic. This represents a decrease of 4 pct quarter-on-quarter and a decrease of 11 pct year-on-year. Approximately 26 pct of the total space under construction is situated in Prague & Central Bohemia, followed by the Ústí nad Labem region with a 23 pct share.

The share of speculative construction decreased from 36 pct to 26 pct. At the same time, developers commenced new construction of just 62,400 sqm of modern industrial space in Q2 2026, with approximately 46 pct of this space being constructed on a speculative basis.

INDUSTRIAL TAKE-UP

During Q2 2026, gross take-up (including renegotiations) reached 451,600 sqm. This represents an increase of 9 pct compared to the previous quarter and an increase of 45 pct year-on-year. Renegotiations accounted for 45 pct of total gross take-up, compared to 53 pct in the previous quarter.

Net take-up in Q2 2026 amounted to 248,400 sqm, increasing by 32 pct quarter-on-quarter and by 40 pct year-on-year.

The largest transaction of the quarter was a renegotiation at Prologis Park Prague Airport, totalling 41,800 sqm, signed by a distribution company operating in the fashion retail segment. The second largest transaction was a pre-lease at CTPark Žatec for 30,500 sqm, agreed by a manufacturing company from the automotive sector. The third largest transaction was also a pre-lease, signed by an e-commerce distribution company at Panattoni Business Park Kladno I, covering 30,200 sqm.

VACANCY

At the end of Q2 2026, the vacancy rate in the Czech Republic stood at 5.8 pct, representing a year-on-year increase of 98 basis points and a quarter-on-quarter increase of 110 basis points. As of the end of June 2026, there was approximately 796,000 sqm of modern industrial space available for immediate occupancy. Vacancy in Prague and the Central Bohemian Region has increased, reaching 4.4 pct at the end of Q2 2026.

RENT

Prime headline rents remained stable at around EUR 7.00­­­­–EUR 7.50 per sqm/month in the Czech Republic in Q2 2026. Prime headline rents for city logistics projects in Prague reached EUR 8.25­­­–EUR 10.00 per sqm/month. Headline rents in selected prime locations outside of Prague reach around EUR 5.50–EUR 6.60 per sqm/month. Rents for mezzanine office space stood between EUR 9.50–EUR 12.50 per sqm/month. Service charges typically range between EUR 0.75–EUR 1.00 per sqm/month.

The industrial market situation has stabilised. Demand for new space continues to be driven primarily by manufacturing companies, which often consolidate multiple operations into a single location or consider relocating production to new areas. The availability of labour remains a key concern for tenants, as many established locations face workforce shortages. As a result, companies are increasingly looking for regions with better access to qualified workforce. At the same time, the volume of vacant space is increasing, creating opportunities for tenants to renegotiate lease terms or relocate to locations offering more favourable conditions. This trend is particularly evident in certain regions, such as the Pilsen and Ostrava regions, where pressure on leasing conditions is especially pronounced.
Jiří Kristek, head of occupier services Czech Republic, Cushman & Wakefield