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Articles - industrial real estate market

Colliers: Despite the construction boom, there remains a shortage of industrial properties

The Czech industrial real estate market is experiencing a major boom in construction activity in 2023. Although more than 1.5 million m2 are currently under construction, there are few newly completed projects and the vacancy rate remains below 2%. The total supply of modern industrial premises in the Czech Republic increased by only 182,200 m2 during the 3rd quarter of 2023 and amounted to 11.44 million m2 at the end of September. Rents have stabilized after rocketing growth over the last three years and at the end of September they ranged between 7.50 - 7.70 euros per m2 per month for warehouse and 9.50 - 12.50 euros per m2 per month for office space. That's according to a survey by Colliers, a leading provider of diversified professional services in commercial real estate and investment management.

ALLLOG Consulting and ICOM transport will become the first tenants of the P3 Plzeň Myslinka park

The first hall of the newly built industrial park in Myslinka near Pilsen already has new tenants and even two. The companies ALLLOG Consulting and ICOM transport have rented units here measuring 6,156 and 3,500 square meters. "From the point of view of industrial development, Pilsen is an attractive location. We were so convinced that we would find suitable candidates for the new location that we started construction speculatively, i.e. without having a confirmed tenant at the time," said Aleš Zacha, Head of Development, P3 Logistic Parks.

Belgrade is the capital of the Real Estate

June month in Belgrade has long been reserved for the world of real estate. Belgrade invites and expects participants who will come to visit the REBEC event.

Logicor strengths its team in the Czech Republic

Industrial developer Logicor responds to increased activity on the Czech market. It is strengthening its local team with two new members who will work under the leadership of Pavel Rufert.

CHEP introduces Track & Trace technology for its reusable pallets in the Czech Republic. It will ensure better visibility, control and safety of handling equipment

CHEP, a leading global provider of supply chain solutions, has implemented a Track & Trace digital solution in its operation, which allows it to monitor the movements and locations of its pallets across the pooling system. The technology was developed in collaboration with partner company BXB Digital, which, like CHEP, is part of the Brambles group. Devices using the principles of the Internet of Things aim to improve the transparency, clarity and overall efficiency of supply chains. Their introduction strengthens the strength of the CHEP business model based on the principles of the circular economy.

Industrial real estate in Q4 2022

The industrial real estate market in the Czech Republic grew at a rapid pace in 2022. Almost 1.1 million m2 of new space was added, which is more than 155% of the five-year average and the highest value ever recorded on the Czech market. In the middle of the year, the market crossed the threshold of 10 million m2, and at the end of the year it narrowly failed to overcome the milestone of 11 million m2 – the market reached a value of 10.8 million m2 at the end of the 4th quarter of 2022. In the last quarter, 150,300 m2 of modern industrial space was added.

Developers and tenants are looking for ways out of the energy crisis. How can logistics companies be self-sufficient? Six areas for savings

Rising energy prices are beginning to be liquidating for selected industries, so developers of industrial real estate, including their tenants, are looking for ways to energy self-sufficiency. What are the most common ways to protect against rising prices? In the current situation, logistics operations are more likely to be able to reduce costs to a minimum. Production will not just break free from dependence on gas, and a very difficult period awaits them.

The vacancy rate of Czech industrial properties fell below 1 percent

In the third quarter of 2022, the Czech industrial real estate market grew at the fastest rate in history and increased by a total of 511,100 m2. In the first half of this year, the total supply exceeded 10 million m2 and currently stands at 10.65 million m2. The vacancy rate fell to 0.99%, the lowest number on record during the market's monitoring period.

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