The Czech Republic's modern industrial stock reached 13.59 million sqm in Q1 2026, according to the Industrial Research Forum. The quarter saw 307,000 sqm of new warehousing space delivered across 9 industrial parks, representing a 34% increase compared to the previous quarter and a 44% increase year-on-year.
The largest completion was a 214,000 sqm building in Panattoni Business Park Cheb, fully leased to H&M, marking the largest completion in Czech industrial market history. Other notable completions included Panattoni Business Park Karlovy Vary (25,000 sqm) leased by Wacker, and a 14,800 sqm facility in CTPark Tošanovice.
Gross take-up reached 414,500 sqm, down 35% quarter-on-quarter and 20% year-on-year. Net take-up amounted to 188,900 sqm, decreasing 49% quarter-on-quarter but only 5% year-on-year. "The Czech industrial market started 2026 on solid ground, supported by record-breaking completions, stable prime rents and a gradually improving choice for tenants," said James Fitzgerald, Regional Head of Industrial Agency at iO Partners.
At the end of Q1 2026, 1.14 million sqm of industrial space was under construction, with 36% being built speculatively. The vacancy rate reached 4.7%, up 90 basis points year-on-year, while Prague's prime rents remained stable at €7.00-€7.50 per sqm per month for the sixth consecutive quarter.
The Industrial Research Forum comprises CBRE, Colliers, Cushman & Wakefield, and iO Partners, providing transparent data about the Czech industrial real estate market since 2010.
