The Czech Republic's commercial real estate investment market is on track for one of its most successful years in history, with transactions worth €2.46 billion completed in the first nine months of 2025, Colliers reports.
The third quarter alone brought €330 million in deals, with Czech investors maintaining their dominant position by completing almost 80% of all transactions. The market's strong performance represents a significant improvement over the previous four years and sits just €200 million below the 2020 benchmark.
"It is already clear that this year will be one of the best years for the Czech real estate investment market, at least in terms of activity," said Josef Stanko, Head of Market Research at Colliers. "Exceeding the second-best result of €3.7 billion from 2017 is still realistic."
Office and industrial properties led third-quarter activity, accounting for 37% and 31% of transaction volume, respectively. Notable deals included Axelor Group's acquisition of the River Garden II and III buildings in Prague's Karlín district and Accolade's entry into the Garbe logistics park near České Budějovice, each worth almost €100 million.
The fourth quarter promises further major transactions, including the historic sale of the Palladium shopping centre and the 400-room Hotel Diplomat in Prague 6, purchased by PPF. Industrial and logistics properties attracted nearly €700 million during the first three quarters, representing 28% of total capital flow, followed by hotels and offices at 20% each and retail at 17%.
