INDUSTRIAL MARKET HIGHLIGHTS - H1 2021

• The volume of new industrial space delivered to the Czech market during H1 2021 was 43% down year-on-year (y-o-y). The total stock of modern industrial premises in the country grew by 192,300 sq m and at the end of June stood at 9.3 million sq m.
• Total leasing activity recorded in H1 2021 reached 1.24 million sq m, exceeding the H1 2020 figures by 71%. Similarly, net take-up levels also demonstrated a significant recovery (+73% y-o-y), closing H1 with 610,500 sq m.
• The Pilsen region (112,700 sq m) and Prague (105,800 sq m) were the best performing submarkets in terms of H1 2021 net take-up.
• Nationwide vacancy rate declined again and reached its new historical low of 2.4%, after dropping by 89 basis points (bps) from the end of 2020.
• The Prague submarket saw 37,400 sq m of new completions during H1 2021, which brought the total stock to 3.25 million sq m (35% of the total). After an insignificant increase in vacancy in Q1 2021, the share of unoccupied space in Prague also fell to its new record at 1.2%.
• With 790,100 sq m of space under construction across the country at the end of H1 2021, the development pipeline reached a new all-time high.

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