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Companies in Prague are moving less and less: seven out of ten contracts are renegotiations, rents have risen by half
Offices

Companies in Prague are moving less and less: seven out of ten contracts are renegotiations, rents have risen by half

A shortage of affordable space, rising rents and an uncertain outlook are behind the slowdown in office lettings in Prague. Currently, seven out of ten signed leases are renegotiations, i.e. renegotiating or extending the existing relationship between the landlord and the tenant. According to real estate consultancy 108 REAL ESTATE, the main reason among those listed is the rise in rents, which have increased by 50% or more over the past five to seven years for the same location and comparable offices.

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Companies leased over half a million m² of warehouse and production halls, while developers are holding back on new projects
Industrial

Companies leased over half a million m² of warehouse and production halls, while developers are holding back on new projects

If the activity of industrial property developers depended solely on tenant demand, the Czech market would be in a very strong position. In the third quarter, even more warehouse and production space was leased than in the previous quarter: from July to the end of September, leases were signed for more than 506,000 square metres of industrial halls, of which 302,000 m² comprised new leases. According to real estate consultancy 108 REAL ESTATE, this is an above-standard result in the long-term context. Nevertheless, speculative construction of new industrial halls has slowed markedly. Developers are focusing on filling existing space, including space in the shell and core phase – approximately 1 million square metres of modern space is currently available. Average rents currently stand at around EUR 5.9 per m² per month, while the highest rents in prime locations reach EUR 7.3.

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Manufacturers are increasingly occupying industrial halls in Europe. The CEE region is growing fastest – partly thanks to the defence industry
Industrial

Manufacturers are increasingly occupying industrial halls in Europe. The CEE region is growing fastest – partly thanks to the defence industry

Caution among developers, tenants and real estate investors has characterised the commercial property market across Europe from January to August 2026. With one exception – space for manufacturing and warehousing. Despite the overall macroeconomic situation and geopolitical uncertainty across the continent, this segment continues to grow steadily; within the Central and Eastern European (CEE) region, the Czech Republic is showing considerable resilience. According to international real estate consultancy 108 REAL ESTATE, new construction and leasing activity are also reaching high levels in Slovakia, Poland and Romania. Year on year, this represents an increase of up to 20 to 30% in the volume of leased space, depending on the market. Manufacturing and logistics are the drivers of demand – both in Western Europe and in CEE markets. In Central and Eastern Europe, however, we are seeing a higher share of manufacturing in the overall performance of individual markets than in the past.

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108 Real Estate and STOW join forces for the first time: a joint event on warehousing trends
108 News

108 Real Estate and STOW join forces for the first time: a joint event on warehousing trends

On Thursday evening, representatives of the real estate and logistics markets gathered at Revír Karlín for an event unlike anything 108 Real Estate had held before. Together with STOW Group, a European manufacturer of racking systems, the company hosted its very first joint event, called Warehousing trends – a look at the current state of the warehouse market from the perspective of two companies that each see it differently.

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108 REAL ESTATE Has a New Business Development Director for Central and Eastern Europe—André Kerremans Takes the Helm
108 News

108 REAL ESTATE Has a New Business Development Director for Central and Eastern Europe—André Kerremans Takes the Helm

André Kerremans has been appointed the new Business Development Director of the 108 REAL ESTATE Group for Central and Eastern Europe. He assumed the position in recent days and has been collaborating with the group’s branches in all five countries of the region from the very start. His mandate rests on two equally important pillars: regional business development and CEE coordination. On the business side, he will develop cross-border projects and build relationships with key tenant contacts—real estate executives, supply chain directors, and procurement managers at major logistics, e-commerce, manufacturing, and 3PL companies operating throughout the region—and will represent 108 REAL ESTATE at industry conferences and forums across the CEE region. In addition to his sales role, André Kerremans will also contribute to the implementation of internal processes and the introduction of innovations into real estate practice.

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Back to School: This Year’s Edition of Our Traditional “Střídačka” Was Inspired by the First Day of School
108 News

Back to School: This Year’s Edition of Our Traditional “Střídačka” Was Inspired by the First Day of School

The new school year is traditionally associated with September 1st, backpacks, and new pencil cases. We decided to add to that atmosphere—and sent our clients and partners back to their desks as well. Instead of a classroom, however, we chose Střídačka’s garden; instead of schoolwork, just good food and drinks; and instead of homework, no obligations—just a good get-together with everyone we meet throughout the year at trade shows, in meetings, and on projects.

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