In Q3 2022, the Czech industrial market slowed down in comparison to the previous record-breaking year and a half after tenant demand decreased. The stock of Class A industrial premises for lease reached 10,652,456 sqm and there is currently 1,152,780 sqm under construction. The vacancy rate stayed at a historical low of 1.03%, so there is only 109,699 sqm available on the market for immediate lease. Nevertheless, due to the political-economic situation with the energy crisis and the high inflation rate, companies are planning layoffs and developers are more cautious. It is possible to expect that the tough time for tenants as well as developers will continue until at least next March, says the newest industrial property market report by 108 Agency.
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