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Offices

Prague is running out of modern offices. The popularity of Karlín is growing, where companies compete for older and dilapidated spaces

The most desirable office address in Prague? According to real estate consultancy 108 REAL ESTATE, it is definitely Karlín. Pankrác and, thanks to the capitalized development potential, also Smíchov are close behind. In Karlín and its vicinity, there is such an interest in offices that several companies often compete for less attractive spaces - including former shops or re-leased flats. Almost immediately, and often at higher rents, space in modern class A office buildings is being leased, especially in the case of large-volume space exceeding 1,500 sqm. There is also considerable interest in new construction taking place in the area near Rohanské nábřeží.

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Industrial

Czech and Slovak industrial properties are rapidly modernizing - 108 REAL ESTATE introduces a new classification

The quality of warehouse and manufacturing real estate in the Czech Republic and Slovakia is rapidly increasing. This is partly in response to changing tenant requirements, but at the same time, higher standards from Western Europe are making their way into both countries. The real estate consultancy 108 REAL ESTATE is therefore introducing a new system of classification standards for industrial halls at its Czech headquarters from 1 April to reflect this development. It will offer the market a truer picture of premium industrial parks.

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Industrial

Czech warehouses and production facilities are getting cheaper. Foreign companies are responding with increased demand for leases

The real estate consultancy 108 REAL ESTATE has been registering an increase in demand for warehouse and production space in the Czech Republic since the last quarter of last year. The increasing interest is mainly due to the activity and flexibility of developers, gradually decreasing rents, greater availability of labour, as well as the still excellent condition of the domestic automotive segment. For some longer-term leases, effective rents, i.e. after incentives, have fallen below EUR 4 per sqm per month. This is a price that the domestic industrial property market has not seen for several years. This is a positive boost for a number of international companies and operators looking for suitable space across the CEE region.

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Industrial

Czech Republic attracts new companies to lower operating costs - energy price is not the key factor, but its savings are

Location, price, transport accessibility, labour availability and up to 5th place energy performance / sustainable building certification. These are the main criteria for companies when selecting warehouse space. This was shown by the results of the Trends in Czech Logistics survey conducted last year by the SKLAD association in cooperation with Ipsos. According to the real estate consulting company 108 REAL ESTATE, preferences are very similar in the case of the production space segment. However, despite the survey results, it turns out that it is the costs associated with the operation of industrial real estate that have a great influence on the success of the Czech Republic's offer in international tenders of global tenants.

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108 News

108 REAL ESTATE expands further into the Balkans: new office for Slovenia, Serbia and Croatia

After the recent opening of offices in India and Romania, the Czech real estate consultancy 108 REAL ESTATE is expanding into the south-eastern part of Europe - the Adriatic. Since September, a new office has been operating in Zagreb, covering the real estate markets of Croatia, Serbia and Slovenia. Despite the territorial differences, the entire region is united by the growing interest of developers and tenants - especially in the field of industrial real estate. For example, the supply of modern warehouses and production space in prospective Serbia amounts to just 1.3 million sqm, which is less than new office space.

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Investment

Demand for warehouses and production halls remains stable - automotive and rent reduction contributes

The domestic industrial real estate market had an interesting quarter in several respects. Data from the real estate consultancy 108 REAL ESTATE show that while 357,000 sqm of warehouses and production space was leased in the second quarter, 335,000 sqm of industrial space was leased from July to the end of September. Of these, 207,046 sqm were new contracts. The result was also achieved thanks to several successful international tenders from manufacturing companies that opted for the Czech Republic on the basis of improving lease conditions.

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Industrial

The Czech industrial real estate market is preparing for a new model of production and logistics - the core can also help

Nearly 8 million square meters of new manufacturing and warehousing space could be developed in the Czech Republic in the coming years. The total supply of industrial real estate would thus exceed 21 million sqm. A significant part of the new buildings could be built on existing brownfield sites, which in some regions are almost the only option for new construction in a meaningful location - among other things, due to the increased protection of valuable agricultural land. A new study by real estate consultancy 108 REAL ESTATE shows this.

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