The number of warehouses and halls in the Czech Republic increased the most since 2009

Prague - During the first half of the year, warehouse and industrial halls in the Czech Republic increased by 162,700 m², the highest since 2009. An additional 160,000 m² is under construction. This was announced today by the association of real estate consulting firms, Industrial Research Forum (IRF).
    Only in the second quarter, the supply of top category A warehouse and manufacturing spaces intended for rent increased by 99,600 square meters.
    "Considering that an average of 69,000 m² of industrial space is completed each quarter, the results for the second quarter are above average in this regard," stated the IRF. Quarter-on-quarter, this represents a 37% increase, year-on-year a 39% increase, the association added, noting that 92% of the spaces completed in the second quarter were rented out before or during construction.
    IRF currently records nearly 160,000 m² of space under construction, with 85 percent being built for specific clients. The most is being constructed in Prague and its surroundings, where the developer PointPark Properties is building a distribution center for VF Corporation with an area of 39,200 m². This is the largest center under construction. Developers have suspended the construction of another 50,000 m² until they find suitable tenants.
    At the end of the first half of the year, IRF registered a total of 4.63 million m² of top category A industrial and warehouse space intended for rent in the Czech Republic.