The Czech industrial real estate market closed 2025 with a record gross take-up of 2.07 million sqm, with Q4 alone reaching 642,000 sqm. However, behind these figures lies a divergence: while Prague and Brno remain stable, rents in Pilsen and Ostrava declined over the course of the year, finds an analysis by Prochazka & Partners.
In Pilsen, rents for projects planned for development during the year fell by nearly 7% to €5.50/sqm/month, while in Ostrava they dropped by more than 6% to €5.25/sqm/month. For a company leasing a 7,000–10,000 sqm facility over a five-year term, the difference in existing buildings or Shell & Core solutions can be even more significant.
"The market became polarised in 2025. In Prague and Brno, demand remains strong and landlords have little reason to soften their terms. In Pilsen and Ostrava, the situation is different – vacancy is rising and developers are responding," says Robert Bocker, Director, Industrial at Prochazka & Partners.
"In Pilsen and Ostrava, we are seeing landlords making concessions for the first time in five years – not only in rent levels, but also in the length of rent-free periods and the size of fit-out contributions. For companies with clearly defined requirements, this represents a window that does not open every year," adds Petr Narwa, Sior, Head of Transaction & Consulting Services at Prochazka & Partners.
The consultants point out that companies with a well-prepared strategy and clearly defined requirements currently have the best opportunity in these locations since 2020.
