Publications

- December 1, 2017: Vol. 11, Number 11

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New sites augment Czech and Slovak logistics strength

by Richard Fleming

A recent research report from Colliers International on the industrial and logistics real estate market in the Czech Republic has pointed to “change beyond all recognition over the past five years.” The firm’s Czech Industrial & Logistics Market Barometer for autumn 2017 says that the total stock of logistics and warehouse space in the central European country has risen by 66 percent over the period, driven by strong growth in e-commerce and retail.

The volume of industrial and logistics space around Czech cities and along motorways rose from 4.26 million square metres in Q2 2012 to 6.65 million square metres in Q2 2017, the report says. 2.59 million square metres of that, or 39 percent, is in the Greater Prague area, mainly around the city’s orbital motorway.

The pace of new development is not slowing — the volume of warehouse space under construction in Q2 2017 was 144 percent higher year-on-year — and headline rents are rising, too, to €57

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