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19
May
2016

Czech industiral market shows record-low vacancy

by Ákos Budai

According to JLL, at the end of Q1 2016, the total modern A-class industrial stock in the Czech Republic (owned by developers and investors) stood at 5.78 million sqm. In the first three months, new supply reached 84,300 sqm, increasing by 112% y-o-y (Q1 2015 vs. Q1 2016). With another 271,200 sqm currently under construction, the 6 million sqm mark of total stock is expected to be passed in the second half of this year. The share of speculative construction increased, nearly half of the industrial premises currently under construction (44 %) being developed on a speculative basis. Developers reflect the lowest vacancy rate in the last decade, strong demand from the potential tenants and a generally positive economic outlook for the Czech Republic.

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Latest news

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Sellpy has leased 6,000 sqm in Industra Park Arad, owned by Oresa Industra. The deal was brokered by Activ Property Services.

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Colliers has announced the appointment of Grzegorz Sielewicz as Head of the Economic and Market Analysis Department for Central and Eastern Europe (CEE). His role will cover Bulgaria, the Czech Republic, Hungary, Poland, Slovakia, and Romania.
Genesis Property has appointed Flavia Schoech as COO, tasked with leading the development and alignment of the operational strategy of the developer.
Beata Rodziewicz joins the Corees Polska team as Leasing Director. She will be responsible for the commercialisation of office buildings.

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