At the end of Q3 2020, the total industrial stock in the Czech Republic (owned by developers and investors) reached 8.99m sqm, according to a new report by JLL. 

Greater Prague remains the largest industrial market in the country with a 36% share, followed by the Pilsen (15%) and South Moravian (13%) regions. 

During Q3 2020, approximately 145,700sqm of new industrial space was delivered to the market within 11 industrial parks across the Czech Republic. This was down 31% compared to the previous quarter and on a par with Q3 2019. 

However, in the first nine months of 2020, new industrial developments totalled 547,000sqm, an increase of 12% compared to the same period in 2019. Most of the new supply was situated in the Pilsen region (28%), followed by the Moravia-Silesia region (26%) and the Pardubice region (13%). 

In Q3 2020, the countrywide vacancy rate reached 4.4%. This represents a decrease of 14 bps q-o-q and an increase of 28 bps y-o-y. However, demand was much higher in Prague and at the end of Q3 2020 the vacancy rate in the city was just 1.6%, down from 3.0% a year earlier.