"In the Czech Republic, developer-led modern industrial stock grew by 124,800 sq m (down by 30% q-o-q) causing the total industrial stock to reach 8.09 million sq m, with Prague currently housing 3.02 million sq m of the total according to latest report compiled by Savills, the leading global real estate advisor."

"It has been 15 years since the Czech Republic joined the EU and during that time our country has been transformed economically, societally and physically – no more so than in the built-up space around us."

""Over the coming quarters we expect that the low vacancy in prime locations will continue to push rents up, while secondary and tertiary locations will attract the demand sensitive to savings. The e-commerce sector has been growing mainly in Central Bohemia and South Moravia, though other populated regions such as Northern Moravia and Eastern Bohemia will still to experience growth of this sector. The automotive sector remains strong in all major industrial centres.""

""Net demand continues to outperform supply of new office space, pushing the already low vacancy levels further down to a new record. We have not yet witnessed any negative impacts of the anticipated economic slowdown on the leasing activity, however companies could become more cautious with their real state strategies and costs towards the end of the year.""

"Q4 2018 was the strongest quarter of the year in terms of gross leasing activity. Transactions totalling 155,300 sq m were signed in the final quarter of the year, bringing the total annual gross take-up to 513,700 sq m."

"Restrained speculative supply will keep the vacancy rate low and below market equilibrium, the power therefore staying in the hands of landlords. Demand for industrial space in the country is expected to remain stable or possibly dwindle amid anticipated economic slowdown."