The total stock of modern industrial space for lease in the Czech Republic reached 14.03 million sqm at the end of Q3 2026, according to figures published by the Industrial Research Forum. Some 269,900 sqm of new warehousing space was delivered across nine industrial parks during the quarter, representing a 77% increase on the previous quarter and a 95% increase year-on-year. The largest completed project was the BMW distribution centre at Ostrava Airport Multimodal Park (125,700 sqm), followed by Garbe Park Klášterec and Ohří II (35,000 sqm) and CTPark Prague North (31,100 sqm), with the latter two fully leased upon completion.
At the end of Q3 2026, 938,500 sqm of warehouse and manufacturing space was under construction, down 13% quarter-on-quarter and 24% year-on-year. Prague and Central Bohemia accounted for 35% of the total pipeline, with the South Moravian and Ústí nad Labem regions each holding a 16% share. The speculative share of construction rose from 23% to 29% compared with the previous quarter, while new construction starts in the period totalled just 149,300 sqm, approximately 25% of which was speculative.
Gross take-up, including renegotiations, reached 455,500 sqm in Q3 2026, broadly unchanged from the previous quarter but 26% lower year-on-year. Renegotiations accounted for 45% of gross take-up. Net take-up amounted to 250,200 sqm, down 1% quarter-on-quarter and 47% year-on-year. The largest transaction was a new 44,500 sqm lease signed by Ecologistics at EQT Park Prague North, followed by a 31,400 sqm renegotiation by DHL Supply Chain at Panattoni Pilsen Park West and a 29,900 sqm renegotiation by ITT Holdings Czech Republic at CTPark Ostrava.
The vacancy rate fell to 5.3% at the end of Q3 2026, a decrease of 14 basis points quarter-on-quarter, though it remains 49 basis points higher than a year earlier. Approximately 749,600 sqm of space was available for immediate occupancy. Vacancy in Prague and the Central Bohemian Region declined to 4.1%. Prime headline rents in Prague held steady at €7.00 to €7.50 per sqm per month, while city logistics projects in Prague reached €8.25 to €10.00 per sqm per month, and rents at selected locations outside Prague ranged from €5.50 to €6.60 per sqm per month.
"The Czech industrial market remains resilient. Despite global challenges, the market is staying stable with steady demand, a consistent volume of buildings under construction and high flow of new stock. We expect this trend to continue, although we do have slight concerns about global stability and its potential impact on our local market. At the same time, we are finally seeing fresh demand coming from the APAC region. As these investors expand their geographical scope beyond industrial hubs in Poland and Hungary, with Czech Republic and Slovakia newly entering their radar, companies are moving further west to keep up with their business needs, bringing a new wave of activity to our local market," said Miroslav Kotek, Head of Industrial Agency at Colliers.
The Industrial Research Forum was established in 2010 to provide consistent and transparent data on the Czech industrial real estate market. Its members are CBRE, Colliers, Cushman & Wakefield and iO Partners.
