by Ákos Budai
According to JLL, at the end of Q1 2016, the total modern A-class industrial stock in the Czech Republic (owned by developers and investors) stood at 5.78 million sqm. In the first three months, new supply reached 84,300 sqm, increasing by 112% y-o-y (Q1 2015 vs. Q1 2016). With another 271,200 sqm currently under construction, the 6 million sqm mark of total stock is expected to be passed in the second half of this year. The share of speculative construction increased, nearly half of the industrial premises currently under construction (44 %) being developed on a speculative basis. Developers reflect the lowest vacancy rate in the last decade, strong demand from the potential tenants and a generally positive economic outlook for the Czech Republic.
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