In 2025, indicative demand for industrial and logistics space in the Czech Republic almost matched the volume of lease agreements actually signed for the first time in several years, according to Cushman & Wakefield.
The year marked a turning point for the Czech industrial and logistics real estate market. Indicative demand reached approximately 2.2 million sqm and the volume of signed lease agreements about 2.1 million sqm, meaning that after several years the two indicators moved closer again. Between 2021 and 2023, indicative demand rose from roughly 1.16 million sqm to 2.9 million sqm, while signed leases lagged behind expectations due to companies' caution, limited availability of space, and longer approval cycles amid geopolitical and economic uncertainty.
While 2024 brought a correction with indicative demand falling below 2.0 million sqm and realised leasing to about 1.45 million sqm, 2025 saw the market accelerate again with indicative demand increasing by roughly a tenth year-on-year and the volume of signed contracts growing by about 45% year-on-year.
"2025 showed that companies stopped relying solely on 'cautious scenarios' and began closing projects prepared in previous years," said Jiří Kristek, Partner and Head of Occupier Services at Cushman & Wakefield. "The difference between indicative demand and realised leases has practically disappeared after a long time."
The convergence can be interpreted as a sign that companies have adapted to new conditions. After a period of waiting and reassessing strategies, businesses began adjusting to prolonged uncertainty linked to geopolitical risks, supply chain changes and higher financing costs. From a regional perspective, the most demand is seen in Prague and its surroundings, followed by the South Moravian Region, the Pilsen Region, and selected parts of the Moravian-Silesian and Central Bohemian regions.
