Sunday, 1 February 2026
The Czech industrial real estate market recorded its third-strongest year on record in terms of net demand in 2025, while vacancy rates increased and construction activity remained broadly stable, according to data released by the Industrial Research Forum (IRF) .
Total modern industrial stock in the Czech Republic reached 13.28 million square metres by the end of the fourth quarter of 2025. During Q4 alone, 229,000 sq m of new space was delivered across 11 industrial parks, representing a 75% increase quarter on quarter. For the full year, new completions totalled approximately 813,500 sq m, up 53% compared to 2024.
Gross take-up in Q4 2025 amounted to 642,000 sq m, reflecting a 47% year-on-year increase. For the full year, gross take-up reached nearly 2.1 million sq m. Net take-up for 2025 exceeded 1.2 million sq m, making it the third-strongest year ever recorded on the Czech market. Manufacturing companies accounted for more than 49% of annual net demand, followed by retail and e-commerce operators with 25% and third-party logistics providers with 16%.
Jan Hrivnacky, Head of Industrial Leasing at CBRE, noted that manufacturing demand, particularly from the automotive sector, remained the primary driver of leasing activity, while demand from retail and e-commerce recovered during the year .
At the end of Q4 2025, a total of 1.25 million sq m of industrial and logistics space was under construction, broadly unchanged quarter on quarter but 22% higher year on year. Around one-third of this volume is expected to be delivered in the first quarter of 2026. Speculative development accounted for 27% of space under construction, while approximately 341,500 sq m remains in shell-and-core condition awaiting tenant commitments.
The national vacancy rate rose to 4.77% by the end of 2025, up 101 basis points year on year, with nearly 634,000 sq m of space available for immediate occupancy. Vacancy remained below the national average in Prague and the Central Bohemian Region at 2.6%, while Moravia-Silesia recorded the highest vacancy rate at close to 14%.
Prime headline rents remained stable for the fifth consecutive quarter, standing at €7.00–€7.50 per sq m per month in Prague. Prime rents in selected regional locations ranged between €5.60 and €6.60 per sq m per month, while rents for mezzanine office space stood between €9.50 and €12.50 per sq m per month .
