The total area of modern industrial space for lease reached over 8.9 million square meters. In the second quarter of 2020, a total of 382,926 sq m of modern industrial space was under construction, it’s a slight decrease over the previous quarter. However, the vacancy rate of premium industrial premises risen yet again to 5.29% with 473,402 sq m available for lease.
There is still a low vacancy rate in Prague and its surroundings and the supply is unable to satisfy demand. Developers are focusing their activities, in particular, in the Moravian-Silesian Region, in general on the borders with Germany – in Karlovy Vary region, in Usti region and Pilsen region.
Because of the security measures in regards to COVID-19, many companies resorted to layoffs which means that unemployment in these regions is on a rise. This surge of potential new employees can help stimulate the market.