The Czech industrial property market remained stable in Q3 2026. Total modern warehouse and industrial stock approached 14.1 million sq m, the vacancy rate fell to 5.0%, and more than 1.1 million sq m remained under construction.
 

Industrial Market in Numbers

Source: Industrial Market Czech Republic report Q3 2026

New supply concentrated in several regions

A total of 297,900 sq m of new warehouse and industrial space was completed across 13 industrial parks in Q3 2026. The Moravian-Silesian Region accounted for 43% of new supply, followed by the Ústí nad Labem Region with 15% and the South Moravian Region with 14%.
The largest completed project was a 124,000 sq m distribution centre for BMW Group at Ostrava Airport Multimodal Park. At the end of September, more than 1.1 million sq m was under construction, with shell & core projects accounting for 31%.

Vacancy declined, but regional differences remain significant

The nationwide vacancy rate fell from 5.3% to 5.0%. Including shell & core buildings, it would reach 7.3%.
Vacancy varies considerably between regions:
Greater Prague: 2.9%.
Plzeň Region: 9.1%.
Moravian-Silesian Region: 11.7%.
South Bohemian, Liberec and Vysočina regions: 0.0%.
Availability of suitable warehouse space therefore depends strongly on location, and the nationwide vacancy rate does not fully reflect conditions in individual regional markets.
 

Take-up increased quarter on quarter

Gross take-up reached 500,500 sq m, up 6% quarter on quarter but down 22% year on year. Net take-up totalled 302,100 sq m, representing an 11% quarterly increase and a 40% annual decline. Renegotiations accounted for 40% of gross take-up.
The Central Bohemian Region accounted for 46% of net take-up, followed by Greater Prague with 12%. The largest new transaction was a 44,500 sq m lease by Ecologistics at EQT Park Prague North.

Industrial rents remain stable

Current rents for Class A premises of 4,000–5,000 sq m remained unchanged quarter on quarter at €4.75–7.40 per sq m/month before incentives. Average current rents increased by 1.3% year on year.

The strongest annual rental growth was recorded in the Moravian-Silesian Region (+4.3%), South Bohemian Region (+3.7%) and Vysočina Region (+3.5%). The prime industrial yield remained unchanged at 5.00%.

Outlook: Project readiness could become a competitive advantage

According to Markéta Vrbasová, Partner, Head of Industrial & Logistics, increased demand from Chinese companies in Europe and the absorption of previously vacant space in Poland could create opportunities for the Czech market.

The availability of space for new developments in attractive locations, together with existing shell & core capacity, could therefore become an important competitive advantage for the Czech Republic.

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