by Property Forum | Industrial

The Industrial Agency of Colliers Czech Republic received an exclusive mandate from Prologis to find a suitable tenant for the industrial premises in Rudná near Prague. There are currently only eight vacant industrial spaces available ready for immediate occupancy within the area of Greater Prague.

The vacancy rate on the market is still decreasing, in Prague, the vacancy rate dropped to 1.4% in the second quarter of 2021, which is a record number.

Currently, according to Colliers data from the second quarter of 2021, there are only eight industrial parks within Greater Prague ready to move in immediately. There are free industrial spaces over 1,000 sqm located in six parks and spaces over 5,000 sqm are available immediately only in three parks.

There are still free Industrial and logistic spaces available in 36 parks throughout the country, of which there is over 5,000 sqm in 15 parks, and over 10,000 sqm available in nine parks.

The situation will probably not change until at least the end of the year, the first half of the year has shown the demand for industrial premises stayed in record numbers. There is a development under construction, but speculative construction has only a small share. Developers usually wait for the lease to be signed before completing the premises. It is expected that rents will also increase, especially in Prague.

The premises of the Prologis Rudná industrial park are currently used by the company Sportisimo, which will move from there to Ostrava next year. The 24,000 square meters of space in the two buildings will thus be ready for the new tenant to move in immediately, which is a real advantage given the current situation on the Prague market.