MARKET IN MINUTES | CZECH REPUBLIC INDUSTRIAL MARKET Q4 2025

New development completions in 2025 increased by 25% y-o-y, reaching a total of 819,900 sq m, which was 13% above the ten-year average. The largest share of newly delivered space was added in the Central Bohemian region (24%), followed by Moravia-Silesia (17%).
The total modern industrial stock intended for lease in the Czech Republic amounted to nearly 13.7 million sq m at the end of 2025. Prague accounted for 27% of the national stock, while the Pilsen region ranked as the second-largest submarket, holding a 14% share. The national vacancy rate rose to 5.5%.
The market maintained solid growth momentum in 2025. Although it did not reach the record levels observed in 2021 and 2022, the Czech Republic recorded 2.17 million sq m of gross industrial take-up during the year. This represented a 41% increase y-o-y and, in a longer-term context, stood 12% above the five-year average and 26% above the ten-year average. Lease renewals accounted for 41% of gross take-up, slightly up from 2024 and broadly in line with the ten-year average of 38%.
Net take-up rose by 31% y-o-y to 1.25 million sq m in 2025, exceeding the ten-year average by 18% and the five-year average by 6%. Manufacturing companies accounted for 52% of annual net take-up, representing the largest sectoral share, albeit with a slight decline compared with the previous two years.