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Demand for warehouses in the Czech Republic is breaking records. Developers are responding with extensive construction

Clients' interested in new industrial premises in the Czech Republic had very little to choose from last year. Thanks to record demand, which reached a record 2.39 million sq m in gross terms for the whole year, vacancy rates fell to 1.63%, a historic low. The result was also affected by a lower volume of completed industrial properties, mainly due to the impact of anti-pandemic measures. However, this changed at the end of the year when a record 800,000 sq m of industrial space was under construction. The urgent need to meet tenants' enormous demand is also evidenced by the fact that the share of speculative development has once again increased after a longer period of inactivity.

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108 AGENCY wins at this year’s CIJ Awards in the Czech Republic and Slovakia

The announcement of the winners of the prestigious real estate competition, the CIJ Awards 2021, saw two victories for 108 AGENCY. Our Slovak branch defended its top spot in the Best Logistics/Warehouse Real Estate Agency category for the fourth year in a row, while our Czech success was the award achieved in the Best Marketing and PR Campaign category.

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PF 2022 | 108 AGENCY

Season's Greetings To All Our Business Partners and Friends!

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108 AGENCY strengthens its market position in the Czech Republic with the acquisition of BNP Paribas Real Estate APM CR s.r.o.

Leading real estate advisory firm 108 AGENCY announces it has purchased 100% of the shares of BNP Paribas Real Estate APM CR s.r.o., the Czech subsidiary of BNP Paribas Real Estate. 108 AGENCY was retained as preferred buyer after a competitive auction and immediately becomes the alliance partner of BNP Paribas Real Estate in the Czech Republic.

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Czech Industrial Property Market Third Quarter: Streamlining operations gives companies crucial competitive advantage

The rising prices of construction materials and energy, the increasing cost of land for new construction, a lack of crucial components to ensure continuous production and workforce shortages are all afflicting the industrial sector in the Czech Republic. One solution in regard to the availability of industrial real estate would seem to be the optimising of operations and more frequent investment by many companies into the automation of routine activities.

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108 AGENCY has become the holder of the HOF Awards 2021 prize for the third time in a row

For the third year in a row, the real estate consulting company 108 AGENCY has won the Best Industrial/Warehouse Real Estate Agency category in the CEE (Central and Eastern Europe) and SEE (South-East Europe) regions at the prestigious HOF Awards 2021.

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108 giving help

In a joint effort, we have managed to collect funds which will help former professional athlete Eliška to return to a normal life.

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First appearance at CTP Doksy Race sees 108 Team winning 4th place

The 8th annual traditional Half Ironman race took place at Lake Mácha on 12 September.

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The Czech industrial real estate market in the second quarter of 2021: Decisions need to be taken quickly, and a back-up plan needs to be in place

A lack of materials and an increase in the price of construction work is troubling the industrial real estate market in the Czech Republic. Industrial space in desirable locations is in short supply. Occupancy rates in Prague and the close surroundings are rising and vacancy rates have almost reached zero. Tenants are well aware of the situation and it has become more common for them to extend their lease contracts for longer periods.

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