The Czech industrial and logistics market saw another active quarter. New supply increased significantly, but solid occupier demand helped vacancy edge down despite the additional space entering the market. Logistics and transportation companies were the main drivers of leasing activity, while the volume of space under construction remained high but continued to decline. Prime rents remained broadly stable. Improving industrial production and new orders also provide a more positive backdrop for manufacturing demand towards the end of the year.
- Gross take-up reached 455,500 sq m, while net take-up totalled 250,200 sq m. Logistics and transportation companies accounted for 58% of total leasing activity, while renegotiations represented 45% of quarterly take-up.
- Around 269,900 sq m of modern industrial space was completed in Q3 2026, bringing total modern stock above 14 million sq m.
- The vacancy rate declined slightly to 5.3%, representing approximately 749,600 sq m of immediately available space.
- Development activity remained high, with approximately 938,500 sq m under construction at the end of the quarter.
- Prime headline rents remained stable at €7.50/sq m/month in Prague and €6.50/sq m/month in Brno. In contrast, Pilsen and Ostrava recorded slight decreases, reflecting higher availability in selected regional markets.
