The Czech retail market performed well in the first half of 2026. Consumer demand gradually increased, shopping centres maintained strong footfall and the development of new retail parks continued, particularly in smaller cities. The total stock of leasable retail space in the Czech Republic exceeded 4.25 million sq m.

Czech Retail Market in Numbers

Total retail stock – more than 4.25 million sq m

New supply in H1 2026 – 48,100 sq m

Retail space under construction or refurbishment – almost 130,000 sq m

Year-on-year growth in retail sales in May – 4.7%

Prime rent in Prague shopping centres – EUR 145–155 per sq m per month

Prime rent on Prague high streets – EUR 210–235 per sq m per month

Retail share of total real estate investment volume – 9%

Retail Sales Continue to Grow

According to the Czech Statistical Office, retail sales increased by 4.7% year-on-year in real terms in May 2026. Sales of non-food goods rose by 7.4%, while food sales increased by 2.9%.

The strongest growth was recorded by specialised clothing and footwear stores, where sales increased by 15.7%. Online and mail-order retailers reported growth of 11.6%.

Strong footfall was maintained particularly by larger refurbished regional shopping centres offering an attractive mix of restaurants, services and leisure facilities alongside traditional retail.

Retail Park Development Continues

A total of 48,100 sq m of retail space was completed in projects exceeding 5,000 sq m during the first half of the year. The most significant openings included OC Kaskády Ivanovice in Brno and Retail Park Třeboň. Forum Pardubice, Olympia Teplice and Galerie Teplice were also expanded.

At the end of the first half of 2026, almost 130,000 sq m of retail space was under construction or refurbishment. Major projects include Galerie Pernerka in Pardubice and OC Dornych in Brno, as well as the refurbishment of the Kotva and Van Graaf department stores in Prague.

New retail parks and shopping zones are being developed primarily in regional and smaller cities, which account for a significant share of retailers’ current expansion.

Rents Rise in Prime Locations

Prime rents in Prague’s leading shopping centres increased to EUR 145–155 per sq m per month in the first half of the year. Prime rents on Prague high streets reached EUR 210–235 per sq m per month, while rents in retail parks ranged between EUR 16 and EUR 17 per sq m per month.

Retail property yields remained stable. Prime yields stood at 4.25% for properties on Prague’s leading high streets and at 5.75% for both prime shopping centres and retail parks.

New Brands Enter the Czech Market

The Czech retail market continues to attract international brands. Kenneth Cole New York opened its first European store in Prague, while Patek Philippe opened a new boutique on Pařížská Street.

Krispy Kreme, Normal and Uniqlo are also preparing to enter the Czech market. The first Czech Uniqlo store is planned for Palác Hybernia, where it is expected to occupy approximately 7,700 sq m across four floors.

Czech Retail Market Outlook

The retail market is being supported by growing consumer demand, the expansion of retail chains and the ongoing modernisation of shopping centres. Development activity remains particularly strong in the retail park and regional shopping zone segments.

Demand for high-quality retail space in attractive locations is expected to maintain upward pressure on rents, while retail property yields are likely to remain stable.

We hope you find the information in this report useful.

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