Commercial real estate market picks up in Czech Republic
The Czech Republic commercial real estate market saw an increase in flow volume in the second quarter of the year, with $3.3 billion, according to research by Colliers International.
The study considers sector and origin, and tracks the pulse of the markets, looking at the levels and outlooks for capital city prime yields, vacancy rates and rents.
The office sector continued to dominate the CEE region in 2019, for a 43 percent year-over-year increase. Volumes improved by 26 percent in the second quarter in industrial, and hotel deal flow remained robust at 320 percent.
According to the study, retail experienced some weakness, which recovered a little from the very poor first quarter but decreased 69 percent, compared to last year. In addition, Asian purchase flows rose at the expense of CEE players in the first half of the year and CEE cross-border purchases and domestic flow in Poland in particular were reportedly weak.
“With continuously low vacancy,