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The world trade map will change. Self-sufficiency in energy and transport will help European industry
Industrial

The world trade map will change. Self-sufficiency in energy and transport will help European industry

The impact of the US President's executive orders regarding tariffs on domestic industry and the related industrial space market cannot yet be predicted - not least because they have been postponed for the EU until early July. Donald Trump's and his administration's regulations continue to evolve, affecting still different sectors and - most importantly - are unlikely to be definitive. However, according to real estate consultancy 108 REAL ESTATE, some more significant changes are on the horizon. Europe will start to focus more on new trading partners for sales and imports, including closer cooperation between European countries.

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Demand for domestic industrial space is growing. The drivers are retail and manufacturing companies
Industrial

Demand for domestic industrial space is growing. The drivers are retail and manufacturing companies

The Czech industrial space market grew significantly year-on-year in the first months of this year. Specifically, the volume of new leases was 89.58% higher year-on-year compared to Q1 2024. Interest was more or less even across sectors. However, the estimates for this year are slightly behind the performance in 2021-2022, when the markets were mainly stimulated by e-commerce and related services. This is mainly due to the uncertainty associated with global trade developments and the generally tense geopolitical situation. As the latest data from real estate consultancy 108 REAL ESTATE shows, the promising performance of the domestic industrial real estate market is mainly driven by e-commerce and the still strong manufacturing sector.

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Czech and Slovak industrial properties are rapidly modernizing - 108 REAL ESTATE introduces a new classification
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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Prague is running out of modern offices. The popularity of Karlín is growing, where companies compete for older and dilapidated spaces
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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