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Industrial Research Forum: Vacancy rate up slightly, slowing demand hits market

The total supply of modern industrial premises in the 1st quarter of 2024 reached 11.87 million square meters. The demand for industrial premises slowed down, the gross realized demand reached only 160,400 square meters. At the end of the first quarter, almost 0.92 million square meters of industrial space was under construction in the Czech Republic. The vacancy rate increased by 28 basis points from the previous quarter to 2.0%. The average highest rent achieved in Prague remained stable at approximately EUR 7.50 - 7.70 per square meter per month.

First sustainable building comprising 20,000 sqm to be delivered in GARBE Park České Budějovice

GARBE, Industrial Real Estate CEE, specialists in logistics and industrial real estate, signed an agreement with Taconova to newly lease 9,240 sqm of industrial and 1,240 sqm of office space.

Fielmann will occupy 30,000 square meters in GARBE Park Chomutov

GARBE, Industrial Real Estate CEE, specialist in logistics and industrial real estate, has signed a future contract with Fielmann for the occupation of approximately 30,000 square meters in GARBE Park Chomutov. The German company plans to create a highly automated production and supply center worth EUR 65 million here. The investment is part of the Fielmann Group's strategic program to improve delivery times and product availability, increase profitability while reducing costs and carbon footprint. The contract will be signed for 15 years. Complete construction completion is planned for the first half of 2023.

GARBE starts a speculative construction of an industrial hall in Chomutov on a brownfield

Logistics and industrial real estate specialist Garbe Industrial Real Estate has started speculative construction with an area of 30,000 square meters in Garbe Park Chomutov. The new building will be built on a brownfield site in the former construction site, where the company completed demolition last year, revitalized it and prepared it for construction. The industrial hall will be completed by the end of this year.
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