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Articles - warehouses

Decrease in volumes of active construction and rise in Shell-and-Core space reflects current market conditions and possible obstacles in the future

Industrial Research Forum Announces Industrial Market Figures for Q4 2023 • Modern industrial stock reached 11.7 million sqm, as over 271,600 sq m of new space was delivered to the market. • Demand for industrial space picked up this quarter, reaching nearly 397,000 sq m. • Speculative development decreased to 30% of the almost 1 million sq m currently under construction. • The vacancy rate increased by 34 basis points compared to the previous quarter and remained low at 1.75%, with an additional ca. 300,000 sq m of vacant space in shell and core. • Prague’s average highest achievable rent has remained stable, reaching around €7.50-7.70 per sq m per month.

CTP leases 40,000 sqm in Czech Republic to Vitesco Technologies for €190m EV parts factory

CTP, Europe’s largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), has leased approximately 40,000 sqm at CTPark Ostrava Hrušov in the Czech Republic to Vitesco Technologies, a leading international manufacturer of modern drive technologies and solutions for electrification.

The industrial real estate market in the Czech Republic reports an increase in completed areas, but also a decrease in new construction

The total area of modern industrial premises for rent in the Czech Republic reached 11.7 million square meters. A total of 271,600 square meters of new warehouse space was delivered to the market in 15 industrial parks across the country. That's up 56% from last year and up 49% from the previous quarter. At the same time, however, the volume of new construction fell. Data on the warehouse and manufacturing real estate market in the last quarter of 2023 was announced by the Industrial Research Forum, whose members are CBRE, Colliers, Cushman & Wakefield and iO Partners (JLL's preferred partner in the CEE region).

18,000 sqm Lease With CTP Enables FIEGE to Deliver Nexen Tyres From Czech Republic to Car Manufacturers Across Europe

This will be FIEGE’s third location with CTP, following existing leases in Poland and the Czech Republic, and brings their total occupation across CTParks to 59,000 sqm. From April 2024, the new regional distribution centre at CTPark Žatec will be used to store tyres from Nexen Tire Europe and supply them to automotive manufacturing plants across Europe. The warehouse had to be specially adapted for the storage of tyres in transport cages, which was handled flexibly by CTP. FIEGE will provide complete logistics services at CTPark Žatec for Nexen Tire Europe, which has its European production plant close by.

The delivery of goods using a drone can be a reality within two years, warn DB Schenker and Volocopter

Logistics company DB Schenker and start-up Volocopter are developing the third version of a cargo drone called VoloDron in cooperation with the Fraunhofer Institute. They are seeking certification with the European Union Aviation Safety Agency (EASA). It is expected to be put into commercial operation within two years.

Taconova opened a production and logistics hall in Garbe Park in České Budějovice

The industrial developer Garbe and the company Taconova, a manufacturer of equipment for heating and cooling solutions, indoor climate and sanitary technology, inaugurated 10,000 square meters of industrial space in the Garbe Park in České Budějovice.

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.

Winter is coming. This year without the annual increase in warehouse capacity

It's no secret that the second half of the year is traditionally one of the most active periods in the logistics sector, and sellers of goods often increase their storage capacity before the main Christmas season in order to cover the multiple times higher demand. This year, however, the situation may be a little different. Logistics and e-commerce companies have expanded significantly in the past two years, and the reality is that, on the contrary, there is an increase in tenants and end-users who put available capacity on the market for short-term subletting. Demand in the logistics and e-commerce sector was not sustainable at previous levels and we expect a decline of around 40% this year.

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