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News

Industrial Research Forum Announces Preliminary Industrial Market Figures for Q4 2017

17.01.2018
Company: Amcham

The Industrial Research Forum was established in 2010 with its aim to provide clients with consistent, accurate and transparent data about the Czech Republic industrial real estate market. The members of the Industrial Research Forum, CBRE, Colliers, Cushman & Wakefield and JLL, share non-sensitive information and believe the establishment of the Industrial Research Forum will enhance transparency on the Czech industrial market. 

The Industrial Research forum is pleased to announce the preliminary Industrial Market figures for Q4 2017.

New Supply in Q4 2017

In Q4 2017, industrial space totalling 255,300 sq m was completed within 14 industrial parks across the Czech Republic. Major completions include a distribution centre for 4PX at VGP Park Jeneč totalling 66,200 sq m, a new building of 32,700 sq m at VGP Park Chomutov partly delivered for Magna (41%) and a built to suit hall for KION Group in Panattoni Park Stříbro (26,500 sq m). Speculative construction accounted for 33% of all new developments completed in the last quarter of 2017.

In 2017, new supply totalled 685,400 sq m which represents year-to-year increase by 24%. The total stock of modern industrial storage space increased to 7.0 million sq m.

Projects under construction

There was 504,300 sq m of storage and industrial space under construction at the end of Q4 2017. Approximately 40% of that space is located in the Greater Prague. During Q4 2017 development works started on 10% (i.e. 51,600 sq m) of the total space that is currently under construction across the country. Almost 70% of the industrial construction pipeline is due for delivery in the Q1 2018. The share of speculative development under construction increased to 34%.

Rent

Prime headline rents achieved in the Czech Republic remained stable during Q4 2017 and currently stand at 4.50 EUR/sq m/month. The rents for mezzanine office space stand at between 8.50-9.00 EUR/sq m/month. Service charges typically reach around 0.50- 0.65 EUR/sq m/month.

Further market data including take-up and vacancy will be published by the Industrial Research Forum in two weeks’ time.

For further information please contact any member of the Industrial Research Forum:

               
 

CBRE:

Petra Lávičková

+420 221 711 085

 

Colliers:

Lenka Oleksiaková

+420 226 537 618

 

 

Cushman & Wakefield

Lenka Minářová

+420 725 770 885

 

JLL

Natália Vítková

+420 724 879 065

 

 

 

 

 

 

 

 

Tags: Real Estate | Business Development |

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