At the start of 2026, the Czech industrial market remained fundamentally resilient, although leasing activity eased from the exceptionally strong levels recorded last year. The quarter was shaped by a record volume of new completions, driven largely by the delivery of one major logistics scheme, which expanded total stock and led to a gradual increase in vacancy. Occupier demand remained present but more selective, while prime rents stayed broadly stable, confirming that market fundamentals continue to be supported by solid underlying demand despite higher availability in selected regions.
- Gross take-up totalled 414,500 sq m, down 20% year-on-year. Net take-up reached 188,900 sq m, down 5% year-on-year. Logistics and transportation operators dominated demand, accounting for 71% of total leasing activity.
- New completions amounted to approximately 307,000 sq m, up 44% year-on-year, with the record quarterly delivery primarily driven by the completion of a single large logistics facility, Panattoni Business Park Cheb, the largest industrial building recorded on the Czech modern industrial market to date.
- Vacancy rate increased to 4.7%, up by 0.9 percentage points year-on-year.
- Construction activity remained elevated at 1.14 million sq m, with 36% built speculatively; development was concentrated primarily in the Ústí nad Labem region, Greater Prague and the South Moravian region.
- Prime headline rents remained broadly stable year-on-year, with Prague holding at €7.00–€7.50/sq m/month, while selected regional markets, including Pilsen and Ostrava, recorded slight downward adjustments amid higher availability.
