Industrial Research Forum announces preliminary Czech industrial market figures for Q2 2016 – EuropaProperty

The Industrial Research forum has announced preliminary Industrial Market figures for the Czech Republic in Q2 2016.

In Q2 2016, industrial space totalling 182,400 sqm was completed within 11 industrial parks across the Czech Republic. Major completions included the first hall at Mountpark Pilsen completed on speculative basis (43,900 sqm), expansion of the existing premises in P3 Prague D8 for VF Corporation (23,400 sqm) and a production hall for BWI Group in Panattoni Park Cheb (16,000 sqm). The share of speculative completions in Q2 2016 increased significantly to 36 percent as a result of the Mountpark Pilsen hall completion.

There was 217,300 sq m of storage and industrial space under construction at the end of Q2 2016, most of it in the Greater Prague area. During Q2 2016 development works started on 63 percent of the total space that is currently under construction across the country. 89 percent of the industrial construction pipeline is due for delivery by the end of 2016. The share of speculative development under construction slightly increased to 44 percent.

Prime headline rents achieved in the Czech Republic remained stable during Q2 2016 and currently stand at €4.25 sqm/month. The rents for mezzanine office space stand at between €8.00-9.00 sqm/month. Service charges typically reach around €0.50-0.65 sqm/month.