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Czech Industrial Vacancy Drops Below 9%

PRAGUE-The fall may continue, says DTZ, as most of the supply pipeline has been pre-leased, and prime headline rents are expected to increase slightly towards the year-end.

By Allan Saunderson | Updated on April 29, 2011

PRAGUE-Space vacancies in Czech industrial and logistics property dipped below 9% from 10.4% in first quarter, its fifth successive quarterly decline, consultant DTZ reports. This may fall further this year as most of the supply pipeline has been pre-leased, and prime headline rents are expected to increase slightly towards the year-end.

Headline rents remained stable at €3.60-€4.30 per square meter in Prague and the regions, with DTZ forecasting an increase to €4.40 toward year-end driven by a shortage of available stock. The sharpest quarterly vacancy drop was a halving in central Moravia to 10.6%, and Moravia-Silesia submarkets, more than halved to 6.1%. Vacancy rates rose slightly in west and central Bohemia and the D1 Corridor submarket hit as high as 11.7%.

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