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There has never been less available warehouse space in the Czech Republic, but the first signs of cooling off are appearing

1% – the supply of vacant warehouses and production premises in the Czech Republic has fallen to this record level. The second quarter of this year will also go down in the history of the domestic real estate market, with the largest lease to date within a single industrial property. In Panattoni Park Cheb, an undisclosed distribution company leased a total of 233,698 sq m of warehouse and office space. This ties in with the magical border of 10 million sq m of modern industrial space for rent in the Czech Republic being crossed at the beginning of June.

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Investors still have faith in Czech offices, warehouses and retail – but the preference is for smaller properties

From April to the end of June, offices, warehouses and retail properties changed hands for €260 million in the Czech Republic. Compared to the first quarter, with a result of €917 million, this is a decrease in terms of total value – but the trend in the number of real estate deals is the opposite. There were 18 deals in the second quarter compared to 13 in the first. During the first half of this year, the volume of investments increased by 48% year-on-year to €1.18 billion. These results were published by the real estate consulting company, 108 AGENCY.

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108 AGENCY MILLION CHALLENGE

We did it together and completed the June challenge of 10.8 million steps in 30 days! This time the collected amount will go to Slovakia and help Jozef get back on his feet.

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QUIKSILVER & ROXY SURFING CHAMPIONSHIP 2022

The 13th QUIKSILVER & ROXY SURFING CHAMPIONSHIP will take place in the south-west of France in the week of June 18 to 25. The event is held annually in the presence of competitors as well as fans of this sport from all over the Czech Republic and Slovakia. And 108 AGENCY as a proud and long-term partner can´t miss it.

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108 AGENCY triple strike with PKZ Logistics

108 AGENCY managed to mediate the expansion and relocate the logistics company PKZ Logistics to three new halls in the Czech Republic and Slovakia, all within six months.

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The area utilised for industrial and warehouse space in the Czech Republic exceeds 10 million sq m in June

Moving into June, industrial premises in the Czech Republic will exceed the magical limit of 10 million square meters of leasable space. According to 108 AGENCY, the real estate consulting company, it is highly probable that, by the beginning of 2023, almost one million sq m of production and warehouse halls will be added to this total. The positive news is that the regeneration of brownfields and the modernisation of older industrial buildings and areas are taking up an ever-increasing share of the offer. At the same time, 108 AGENCY consultants observe the trend of building low-energy buildings with an emphasis on an environmentally friendly approach. This is generally combined with other renewable energy installations.

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Warehouses availability will not improve. Developers are slowing down construction due to rising costs

Logistics and production halls currently under construction in the Czech Republic have reach the dizzying volume of 1,034 million sq m. Nevertheless, there is already a risk that there will be a shortage of warehouses in particular. Only 234,000 sq m are now being built which don't have a pre-signed tenant, while the rest are already pre-arranged. Many developers, who speculatively began construction of halls, have slowed down production or postponed planned projects due to the rising prices of building materials, lack of capacity of supply companies and a sharp increase in energy costs. Due to the constant demand, there is the potential for continued rent growth. In the first quarter of this year, it exceeded an average of €5/sq m/month, even outside the attractive locations around Prague and Brno.

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We defended our victory at the HOF Awards!

For the fourth time in a row, our real estate consulting company received an award at the prestigious HOF Awards in the Best Industrial/Warehouse Real Estate Agency category. However, we have expanded our territorial reach: in addition to our leadership in Central and Eastern Europe (CEE), we have also triumphed in South-Eastern Europe (SEE). The award and our thanks thus belong to the Prague headquarters, as well as to our teams in Hungary and Slovakia.

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Real estate investment in the Czech Republic is the strongest in the past five years

More than €900 million worth of property changed hands in the Czech Republic from January to the end of March this year. This is the strongest first quarter since 2017, excluding Q1 2020 exceptional residential Residomo portfolio sale. According to the analysis by 108 AGENCY, the real estate consulting company domestic buyers dominated by volume followed by Slovak capital. Major transactions included Bořislavka Centre in Prague 6, the IGY shopping centre in České Budějovice and the City Park Jihlava.

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