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Articles - industrial spaces

Industrial Research Forum: Vacancy rate up slightly, slowing demand hits market

The total supply of modern industrial premises in the 1st quarter of 2024 reached 11.87 million square meters. The demand for industrial premises slowed down, the gross realized demand reached only 160,400 square meters. At the end of the first quarter, almost 0.92 million square meters of industrial space was under construction in the Czech Republic. The vacancy rate increased by 28 basis points from the previous quarter to 2.0%. The average highest rent achieved in Prague remained stable at approximately EUR 7.50 - 7.70 per square meter per month.

P3 Logistic Parks in Lovosice will rent a hall with a railway siding

Developer P3 Logistic Parks will offer an atypical hall next year that can accommodate an entire train set. The P3 Lovosice Cargo project was designed for transshipment between road and rail transport, which represents an interesting opportunity in the context of strong pressure to reduce emissions in supply chains, according to the company.

What effective methods of rainwater management can be applied to industrial sites?

The results, together with the recommendations, will serve to further improve measures for effective rainwater management in other industrial parks throughout the Czech Republic.

Almost 1 million m² of new industrial space was added last year, but demand is weakening

The largest number of buildings was built in the Karlovy Vary region, and the total volume in the Czech Republic reached 11.7 million m². On the other hand, demand weakened throughout the year and the vacancy rate increased by 94 basis points year-on-year to 1.74%, representing 205,500 m² of immediately available industrial or warehouse space. The highest attainable rent, the so-called "prime rent", decreased slightly at the beginning of the year and for the rest of 2023 it stabilized at the level of €7.50-7.70/m²/month. That's according to a survey by Colliers, a leading provider of diversified professional services in commercial real estate and investment management.

All buildings, including industrial ones, must become even more "green". The participants of the Sustainable Buildings 2024 conference discussed how to do this

The broad and increasingly "hot" topic of a sustainable approach to the construction and operation of residential and non-residential construction was addressed from many different points of view by the participants of Monday's Sustainable Buildings 2024 conference, which was held in Prague with the participation of dozens of guests from several countries and the wide interest of not only the domestic audience. The event was organized by the Czech Council for Sustainable Buildings, sponsored by the Ministry of the Environment of the Czech Republic, and among the media partners was the magazine Systémy Logistiky.

The speculative construction of the DC3 building in Prologis Park Prague-Chrášťany opens up new opportunities on the Czech logistics market

What characteristics should an ideal logistics property have? At Prologis buildings, customers appreciate their excellent location with easy access to major consumer centers, which provide excellent facilities for last-mile logistics. We also understand that for their continued efficient growth, customers need real estate that precisely matches the specific needs of their business.

CTP and ČEZ Esco are installing photovoltaic power plants on the roofs of logistics halls

The companies CTP and ČEZ Esco have started strategic cooperation in the field of energy and renewable resources. In the following years, they intend to equip the roofs of selected CTParks with photovoltaic power plants. They have already installed the first joint photovoltaic system with a capacity of 2 MW in CTPark Prague East in Nupaky near Prague on the roofs of the halls of the logistics company Raben. Trial operation of this photovoltaic system is currently underway. New power plants are also being built in CT Parks in Chrášťany, Hradec Králové, Brno, Ostrava or Cerhovice.

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.
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