Czech Business & Trade 3/2018

CZECH BUSINESS AND TRADE
of 22 200 sq. m for Petainer in CTPark Aš.
Only 2 % of the total volume of newly completed
spaces in the first quarter of 2018
were built on a speculative basis. The total
surface area of modern warehousing and
industrial spaces in the Czech Republic
amounts to 7.18 million sq. m.
• PROJECTS UNDER
CONSTRUCTION, RENTALS
At the end of the first quarter of 2018, altogether
505 100 sq. m of warehousing and
manufacturing surfaces were under construction,
39 per cent of which are situated
in Prague and its environs. In the first quarter
of 2018, work began on the construction
of 155 700 sq. m of halls. The highest rent
for industrial and logistic properties (prime
headline rents) in the Czech Republic remained
stable in the first quarter of 2018,
ranging around EUR 4.50/sq. m/month.
• TOTAL SUPPLY OF INDUSTRIAL
SPACE IN THE CR
In the first quarter of 2018, the total surface
area of modern industrial spaces
designed for rent in the Czech Republic
rose to 7.18 million sq. m. In the first
quarter of 2018, some 212 700 sq. m of
new surface area was completed. The
vacancy rate was 4.20 %, 45 base points
more than in the previous quarter. Some
304 300 sq. m of modern industrial space
ready for immediate move-in is currently
available in the market.
• IMPORTANT RENTALS
The largest newly published transaction in
the first quarter of 2018 was the renting of
14 200 sq. m for the Stavebniny DEK retail
company in Prologis Park Prague Úžice. The
speculative building covering an area of
28 300 sq. m was leased immediately after
its construction had begun. “The renting of
this speculative building so shortly after its
construction had started, shows the high
degree of demand for space in the region,
which is rapidly becoming a new logistic
hot spot on the territory of Prague and its
environs,” says Martin Baláž, Director for
Leasing and Development at Prologis for
the Czech Republic and Slovakia. Prologis
Park Prague-Úžice is a modern logistic
park situated on the D8 motorway leading
to Germany, just nine kilometres north of
Prague. Two first-class buildings cover-
trial properties to increase in the next two
years. This year, 90 % of developer companies
are expecting a price increase, and in
2019 an increase is expected by a full 100 %
of developer company directors. The average
net yield from industrial property renting
is 8.7 %
• NEW SPACES COMPLETED
IN THE 1ST QUARTER OF 2018
Altogether 181 900 sq. m of warehousing
area were completed in the first quarter
of 2018 in 13 industrial parks in the Czech
Republic. The largest completed projects
include the distribution warehouse for
Makro company in CTPark Prague North,
occupying an area of 53 000 sq. m, the
enlargement of the existing hall for DHL
by 31 900 sq. m in Panattoni Park Cheb
and a new warehouse covering an area
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