INDUSTRIAL PROPERTY MARKET - Q3/2019

In the third quarter of 2019, a total of 515,000 sq m of modern industrial space was under construction, it is a slight increase over the previous quarter. On the other hand, the vacancy rate of premium industrial premises fell slightly to 4.3 %. In Prague and its surroundings, we can see the occupation of the last vacant premises. At the same time, we can observe new construction and preparation of projects whose construction could be started next year. A slight reduction of demand in the automotive segment is evident and suppliers are more cautious when starting new projects. This will probably affect other segments as well.