New supply dropped below the 5 year average due to construction delays and developers intentionally delaying completion when a suitable pre-lease is not found.  Industrial Research Forum Announces Industrial Market Figures for Q4 2024 The total amount of industrial space reached 12.3 million sq m, of that 106,700 sq m were delivered in Q4 2024 Speculative development decreased for the first time since Q1 2024. Of the 978,300 sq m currently under construction, 31% is being built speculatively Net take-up for industrial space reached 217,700 sq m in line with the quarterly average of this year. The vacancy rate increased by 3 basis points compared to the previous quarter, reaching 3.13% Prague’s average highest achievable rent stayed stable, reaching around €7.00-7.50 per sq m per month