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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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Demand for industrial facilities exceeds the volume of newly completed space—manufacturing and e-commerce are both on the rise
Industrial

Demand for industrial facilities exceeds the volume of newly completed space—manufacturing and e-commerce are both on the rise

132,000 square meters of newly completed industrial space versus 263,000 m2 of new lease transactions. This disparity between the volume of leases and newly completed manufacturing and warehouse space was a defining factor for the situation in the Czech Republic during the second quarter. However, by the end of June and during the subsequent summer vacation weeks, this region also felt the effects of the hot European summer: increased fuel costs for transportation, trucks returning to the roads due to impassable rivers, and weakening performance in the German automotive industry due to declining purchasing power and competition, particularly from Chinese automakers.

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Investment in industrial real estate in Europe fell by a fifth. Czech Republic is suffering from a lack of quality properties for sale
Industrial

Investment in industrial real estate in Europe fell by a fifth. Czech Republic is suffering from a lack of quality properties for sale

Investment in industrial real estate in Europe fell by 21% year-on-year in Q1. The blame lies with the uncertain and less predictable global economic situation, or the impact of geopolitical instability in the Middle East, affecting in particular the performance of the logistics market. The total volume of EUR 7.5 billion for which warehouses and production halls on the European continent changed hands in the first quarter of this year is below the long-term quarterly average. However, data from real estate consultancy 108 REAL ESTATE, shared with BNP Paribas Real Estate as part of an alliance, shows that compared to traditional investment dominants such as France, the Netherlands, Germany and the UK, investor activity grew in Central European countries.

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The demand for industrial halls is driven by the growing car industry. Companies respond to geopolitical instability
Industrial

The demand for industrial halls is driven by the growing car industry. Companies respond to geopolitical instability

Around 230,000 m² of modern warehouse and production space was newly occupied in the Czech Republic from January to the end of March. Gross demand including renegotiations amounted to 422 thousand m². The main accelerator was the automotive industry, which reported the strongest production volume in the history of the Czech Republic in the period under review. And it is the automotive industry that is driving growth in other sectors, including logistics.

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Hungarian industrial real estate market expects further growth after the elections - helped by news of euro adoption and automotive confidence
Industrial

Hungarian industrial real estate market expects further growth after the elections - helped by news of euro adoption and automotive confidence

The optimistic mood prevails after the recent elections and the change of political situation in the industrial real estate market in Hungary. While the Czech Republic is often compared to Poland, Hungary is building its own position thanks to the automotive industry. According to real estate consultancy 108 REAL ESTATE, which has a presence in Budapest, the supply of modern warehouses and manufacturing space is expected to continue to grow, stimulated by the expected rising demand. The main reason for this is the multiplier effect of the major automotive brands already present on the Hungarian market. The vision of economic growth, expressed among other things by the new government's desire to adopt the euro as soon as possible, is also playing a role.

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Manufacturing dominates the industrial space market in the Czech Republic - tenants with higher added value are coming to the country
Industrial

Manufacturing dominates the industrial space market in the Czech Republic - tenants with higher added value are coming to the country

Domestic industrial hall leases in the Czech Republic have a number of specificities in the Central European context. But one parameter stands out above the rest: over the last three years, the logistics segment has outnumbered manufacturing in concluded lease transactions. And by a large margin. According to real estate consultancy 108 REAL ESTATE, over 550,000 sqm of industrial space was leased to manufacturing or processing companies in the whole of 2025. This was a 42% share of the total volume of transactions. Logistics-related tenants accounted for 33.85% of the total, while the remaining 24% belonged to retail, services and others. In total, approximately 1.3 million sqm of new industrial properties were occupied by new tenants in 2025.

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