According to the latest report from Savills, the volume of industrial premises under construction reached the highest value in the history of the Czech industrial market at the end of the first quarter. In various phases of construction, 47 industrial buildings with a total leasable area of 734,300 m2 were located throughout the country. Speculative areas accounted for 36% of this aggregate area, well below the 46% average for the previous ten quarters.
Motor vehicle production in the Czech Republic is coming to life again. A positive signal is not only the year-on-year increase, but also the comparison with the pre-crisis values of 2019. Domestic production of electric vehicles, whose share in total production is currently approaching 10%, is also starting up significantly. At the same time, the automotive industry continues to face a shortage of chips and raw materials, such as plastics and metals, and overall sales across European markets remain about a quarter below pre-crisis levels.
According to BNP Paribas Real Estate, there is historically the lowest vacancy of real estate, a record volume of concluded lease agreements, rising rents and the unprecedented rapid progress and preparation for the construction of new warehouses and production halls. The domestic market of industrial premises is experiencing a euphoric period - the results of the first quarter nevertheless exceeded even the most optimistic expectations.
The tailor-made building itself brings indisputable advantages, especially in the case of innovative companies, whose ambition is to achieve maximum operational efficiency and employee satisfaction. With this in mind, we have created a solution at Prologis Park Prague-Úžice that reflects the needs of the customer CRUSSIS Electrobikes s.r.o., a Czech manufacturer of e-bikes and tricycles. The company's new headquarters is currently under construction and the Prologis team is looking forward to offering the customer a solution that will support their further business.
Historically lowest vacancy, a record volume of concluded lease agreements, growing rents and unprecedentedly rapid progress and preparation for the construction of new warehouses and production halls. The domestic market of industrial premises is experiencing a euphoric period - the results of the first quarter nevertheless exceeded even the most optimistic expectations.
Developer and owner of semi-industrial and logistics properties VGP has started construction of the fifth hall in its logistics park VGP Park Plzeň, which is located in the industrial part of the city of Pilsen - Bručná close to the E49 road and connected to the D5 motorway. On a plot of approximately 10 hectares, it offers almost 50,000 square meters of leasable space suitable for light production, logistics and accompanying commercial activities.
Today, Spaceflow, a tenant experience operating system and Flowbox, an in-building advanced technology management company, announce their partnership. Through their common product offering, Flowbox and Spaceflow help landlords and building operators with their ESG (Environmental, Social and Governance) goals. With FLOW, real estate companies can monitor energy consumption, occupancy, air quality, temperature, CO2 levels, humidity and in later phases, control and automate their building hardware in one platform. Real-time data helps owners and managers optimize operations, streamline the use of energy sources, reduce operating costs and be guided through investment decisions.
How should the cooperation between the industrial developer and the client take place in the case when a tailor-made logistics hall is built? At the very beginning of the whole process, it is necessary to formulate in detail the requirements of the client for the future object. This is, among other things, a precise definition of the nature of the operation, from which the specifications of the building are derived.
