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Articles - warehouses

Q3 2024: Premises under construction significantly exceed delivered areas this year

The Industrial Research Forum reports data on the warehouse and manufacturing real estate market in Q3 2024 · The total offer of modern industrial premises reached almost 12.2 million m2 · In Q3 2024, 163,500 m2 were newly delivered to the market · Net realized demand for industrial space in Q3 2024 increased to 203,100 m2 · Speculatively built industrial areas are growing again, 36% of 1 million m2 · The vacancy rate increased by 33 basis points from the previous quarter to 3.1% · The average highest rent achieved in Prague remained stable and amounted to approximately 7.00 - 7.50 euros per m2 per month

The sixth Garbe park in the Czech Republic

Garbe Industrial Real Estate CEE has received the building permission for the construction of two industrial facilities in Pohořelice, located approx. 30 kilometers south of Brno. The new development, consisting of two halls measuring 20,000 sqm and 11,000 sqm, is set to begin construction imminently, with plans to make the properties available within eight months.

AFI held its annual conference for the fifth time and recognized innovative companies

The Association for Foreign Investments - AFI held its 5th annual conference, during which it published the results of the business environment survey and awarded the AFI 2024 annual awards. The companies Vitesco Technologies and Born Digital became the winners. Aleš Cáb and Josef Švejda from onsemi took home the award for long-term contribution to the investment environment.

DB Schenker took over the remaining warehouse space in Arete Park Valašské Meziříčí

The last unit in Arete Park Valašská Meziříčí was completed and handed over to the tenant, which is the logistics company DB Schenker. Premises with an area of ​​over 4,200 square meters aspire to a BREEAM Excellent sustainability certificate.

Nominal and effective rents in industrial premises are falling

The excess of demand for industrial properties over their supply is a thing of the past in the Czech Republic. Rent prices have currently reached their peak. This is also influenced by the drop in sales of domestic e-shops, due to which many companies are trying to reduce their warehouse space, or are more often interested in lease contracts for shorter periods.

Gebrüder Weiss produces its own solar energy in the Czech Republic. In Jenč near Prague, the nearby airport was a challenge

The new PV systems in the terminals in Jenč near Prague and Syrovice near Brno with a total area of ​​5,800 m² are the largest photovoltaic installation by Gebrüder Weiss in Central and Eastern Europe. Thanks to them, the company saves 250 tons of CO2 annually.

The Hanon Systems company is expanding its production facilities in the Kladno-jih industrial zone

The industrial zone Kladno-jih continues to expand. The company Hanon Systems, which operates in the automotive industry, has taken over a new hall with an area of ​​21,000 square meters. As part of the project, which is the result of cooperation between the industrial developer Panattoni and the investment group Accolade, the renovation of the tenant's existing buildings with an area of ​​16,000 square meters is also being completed.

​​The dramatic increase in warehouse prices in the Czech Republic has hit a ceiling, demand is falling

Rents for warehouse space in the Czech Republic have doubled over the past five years, but have currently reached their peak. This is influenced by the decline in sales of domestic e-shops, due to which many companies are trying to reduce their warehouse space, or are more often interested in lease contracts for shorter periods. In addition, high prices drive tenants to neighboring countries, which are up to a third cheaper and offer a wider selection of premises. According to experts from the Colliers company, the vacancy rate outside the Czech Republic is around 5%, which is an advantage compared to the Czech Republic's 2.9%.

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