Retail Market H1 2024
Below you can see a regular update of retail market in the Czech Republic for the first half of 2024.
Summary of current data:
- At the end of H1 2024, the total lettable retail area reached almost 4.02 million sq m.
- 23,800 sq m of retail space was newly completed in the first half of 2024.
- In total 87,200 sq m of retail space was under construction and refurbishment.
- In H1 2024, prime shopping centre rents in Prague remained stable at the level of €140 per sq m per month. High street prime rents were around €200 - 220 per sq m per month.
- In Q1 2024, retail properties were the most traded type of asset, representing 74% of all investment in this period due to the sale of Arkády Pankrác shopping centre, while in Q2 2024 it was only 1%.
I hope you find the information in this report useful.
We like questions, if you’ve got one about our research, or would like some property advice, we would love to hear from you.
Lenka Šindelářová
Head of Research and Consultancy
lenka.sindelarova@cz.knightfrank.com
+420 602 773 592
