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Articles - warehouse

The Czech industrial real estate market slows down, the reason being high rental prices

Compared to neighboring Poland or Slovakia, rent prices for industrial properties in the Czech Republic are up to a third higher. Combined with a very low vacancy rate and a small supply of premises that are immediately available, this often leads to a situation where tenants prefer to opt for a competitive offer from our neighbours. Gross realized demand thus reached the lowest level in 13 years in the 1st quarter of 2024. A total of 148,100 m2 of new space was added to the market during this period. The market is expected to reach 12 million m2 this year. This is according to the regular quarterly industrial real estate market published by Colliers, a leading provider of diversified professional services in commercial real estate and investment management.

Green construction as the key to sustainable industrial real estate and transitioning away from Russian gas

In the world of industrial real estate, there is a significant shift towards sustainable and energy efficient solutions. One of the main trends is green construction, which brings a number of advantages for both investors and the environment. A key aspect of this transformation is moving away from dependence on Russian gas and moving to alternative energy sources such as heat pumps. This proved to be an effective solution for covering heat consumption in warehouses and halls, especially in the logistics sector.

P3 Logistic Parks in Lovosice will rent a hall with a railway siding

Developer P3 Logistic Parks will offer an atypical hall next year that can accommodate an entire train set. The P3 Lovosice Cargo project was designed for transshipment between road and rail transport, which represents an interesting opportunity in the context of strong pressure to reduce emissions in supply chains, according to the company.

VGP begins construction on new hall at Ústí nad Labem City for RTR – TRANSPORT A LOGISTIKA

VGP, the European owner, manager, and developer of semi-industrial and logistics real estate, is beginning construction of additional warehouses B and C at VGP Park Ústí nad Labem City soon after the first building has been put into operation. Building B is being prepared for the major Czech logistics company RTR – TRANSPORT A LOGISTIKA s.r.o. The company will lease 10,787 m2 of warehouse and office space from the total of more than 29,000 m2. The new hall will be developed to BREEAM Very Good green certification. Completion is planned for the 4th quarter of this year.

The demand for industrial and logistics parks is changing. It will be mainly driven by manufacturing companies, the analysis shows

From logistics service providers to manufacturing companies. This is how industrial demand changed last year, according to CBRE, a world leader in commercial real estate services. Manufacturing companies, with their 53% share in total demand, achieved a year-on-year increase of 22 percentage points. A similar trend can be expected this year as well. Demand will be primarily driven by companies linked to the automotive and electronics industries.

Almost 1 million m² of new industrial space was added last year, but demand is weakening

The largest number of buildings was built in the Karlovy Vary region, and the total volume in the Czech Republic reached 11.7 million m². On the other hand, demand weakened throughout the year and the vacancy rate increased by 94 basis points year-on-year to 1.74%, representing 205,500 m² of immediately available industrial or warehouse space. The highest attainable rent, the so-called "prime rent", decreased slightly at the beginning of the year and for the rest of 2023 it stabilized at the level of €7.50-7.70/m²/month. That's according to a survey by Colliers, a leading provider of diversified professional services in commercial real estate and investment management.

Green construction as the key to sustainable industrial real estate and transitioning away from Russian gas

In the world of industrial real estate, there is a significant shift towards sustainable and energy efficient solutions. One of the main trends is green construction, which brings a number of advantages for both investors and the environment. A key aspect of this transformation is moving away from dependence on Russian gas and moving to alternative energy sources such as heat pumps. This proved to be an effective solution for covering heat consumption in warehouses and halls, especially in the logistics sector.

The Bezvapostele.cz e-shop will have a central warehouse in the commercial-industrial zone P3 Ostrava Central

The P3 Ostrava Central complex will welcome a new tenant. The premises in the smaller hall from the second stage of the construction of this business-industrial park will be rented by the seller of beds and mattresses Bezvapostele.cz. It will operate a sales warehouse. End consumers will also visit the premises more often.

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