
The pace of warehouse occupation is slowing down. The main reason is concern about the development of the automotive industry
A number of new warehouses built on a speculative basis have been waiting for tenants for up to six months or more. This phenomenon, unprecedented in the Czech Republic for many years, is accompanied in some regions by even a slight decline in average rents. If we add to this the lengthening lease holidays, rising vacancy rates and expanding subleases, everything points to the fact that Q3 confirmed the change in the development of the domestic industrial space market - a slowdown. Based on the indicative data, this follows from the analysis of the Czech real estate and consulting company 108 REAL ESTATE. Gross demand reached a total of 158,867 sq m in the period from July to September, while net demand was only 122,186 sq m. This is a record low quarterly result, the worst in the last 7 years.











