Colliers logoColliers

Market information

Q3 2021: Minimal vacancy, maximal rents, record take-up again.

• The amount of completed space in Q3 was the largest since Q2 2020, mainly in Greater Prague and Pilsen.
• The most extensive new construction commenced in the Olomouc region – a new distribution centre of Amazon.
• Industrial space under construction currently accounts for almost 900 thousands sq m.
• Net quarterly demand exceeded the record levels set last quarter with a volume of 447,800 sq m, creating a new maximum since the beginning of measuring.
• The decreasing vacancy rate continued in Q3, leaving the Czech Republic with just 2.5% of the vacant industrial stock.
• The highest achievable rent in Prague has again increased to the new level of €5.50 per sq m per month. Attack of the €6.0 level is expected.