The Czech Republic's industrial real estate market continues its recovery, with 130,800 sqm of new space completed in Q3 2025, bringing the total market size to almost 12.9 million sqm. This represents a 5% year-on-year increase, according to Colliers.
Construction activity shows potential, with approximately 1.8 million sqm currently under construction and another 2.8 million sqm in the permitting phase. An additional 2.6 million sqm are awaiting zoning or building permits, creating a total pipeline of over 7 million sqm.
"The total volume of potential projects is approximately 5.4 million sqm, with what is under construction exceeding 7 million sqm," said Miroslav Kotek, Head of the Industrial Real Estate Department at Colliers. Most construction is concentrated in Prague and Central Bohemia (25.3%), followed by the Moravian-Silesian Region (17.2%) and the Karlovy Vary Region (17.1%).
Demand reached 608,900 sqm in Q3, marking a 29% increase above the five-year average and the highest quarterly figure since Q2 2022. The vacancy rate remained stable at around 4%, though more than 50% of properties under construction are vacant, representing 887,200 sqm of available modern space.
Prime rents held steady at €7.00-7.50 per sqm per month for the fifth consecutive quarter, though landlords are offering more incentives as tenants gain stronger negotiating positions. Industrial real estate accounted for 31% of all investment transactions this year.
