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Industrial

Leasing of industrial space in the Czech Republic exceeded expectations last year - 1.5 million sqm more to be added

1.3 million sqm of newly leased warehouse and manufacturing space. This exceptional result for 2025 best demonstrates the confidence of companies in the Czech market. Newly realised demand goes across all segments - industrial and engineering companies, logistics sector, retail including e-commerce are interested. The competitiveness of the domestic industrial real estate market is expressed by the total sum of concluded lease contracts, including extensions and renegotiations - almost 2.2 million sqm of industrial space.

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Offices

Prague is acutely running out of modern offices: limited construction is driving rents to record highs even above EUR 30/m2

The contrast could not be greater: it has been a long time since so many cranes have been seen on large construction sites above Prague. And yet the market shows a chronic shortage of modern offices. According to real estate consultancy 108 REAL ESTATE, the explanation has several levels. The first is that many of the office developments being built are for a pre-secured tenant and are not getting to market. The second is that even the current frenzied construction will not cover the demand from companies deferred from the covid period. Finally, the third is that the construction in many cases is for residential types rather than office. "Developers and landlords are dictating the conditions, and rent growth is matching this. The EUR 25 per square meter per month threshold is becoming the norm for modern office buildings, not the exception," Lena Popová, Head of Office Lettings at 108 REAL ESTATE, summarizes the current state of the office market in Prague.

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Land

Development land market in the Czech Republic: a valid building permit can double the price of a property

The crisis of the building permit procedure, coupled with its failed digitalisation, has also affected the area of development land transactions for further construction. The increasingly lengthy process of obtaining a building permit has opened up the price scissors between land that has a valid permit and those that do not. According to real estate consultancy 108 REAL ESTATE, which specialises in this type of deals, the price difference can be up to double. Meanwhile, in 2025, investor activity did not decrease, but rather increased slightly, only excluding properties for speculative construction without a known tenant in advance. This was particularly evident in the price growth of well-prepared plots in attractive locations, where a price of EUR 150 per square metre is not exceptional. This applies not only to the usual areas around Prague and Brno, but also to Liberec.

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Industrial

Rental of industrial space in the Czech Republic reached a three-year high in the third quarter - interest of manufacturing companies helps

Net demand for industrial space in the Czech Republic reached a three-year high in the third quarter of this year. Gross take-up reached 642,045 sqm from July to the end of September. The share of new leases was unprecedented, amounting to 500,921 sqm in the period under review. According to real estate consultancy 108 REAL ESTATE, manufacturing companies leased a similar volume of premium industrial space as logistics: 163,449 sqm vs 177,570 sqm. Another new phenomenon is the achievement of a rent threshold of EUR 9 to 10 per sqm per month for selected urban logistics projects.

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