75,000 m² of industrial space completed in Q1
Company: CTP Invest, spol. s r.o.
In Q1 2018, industrial space totalling 181,900 m² was completed within 13 industrial parks across the Czech Republic.
Major completions include a distribution warehouse for Makro at CTPark Prague North totaling 53,000 m2 and a building of 22,200 m2 built for production company Petainer in CTPark Aš. Speculative construction accounted only for 2% of all new developments completed in the first quarter of 2018. These are the figures of the Czech Industrial Research Forum, which goes on to report that the total stock of modern industrial storage space increased to 7.18 million m2.
There was 505,100 m2 of storage and industrial space under construction at the end of Q1 2018. Approximately 39% of that space is located in the Greater Prague. During Q1 2018 development works started on 31% (i.e. 155,700 m2) of the total space that is currently under construction across the country. Approximately 63% of the industrial construction pipeline is due for delivery in the Q2 2018, according to IRF. The share of speculative floor space under construction has currently increased to 45%.