MARKET IN MINUTES | CZECH REPUBLIC INDUSTRIAL MARKET Q2 2026

Construction activity remained robust in the Czech Republic during H1 2026, with 485,400 sq m of industrial space completed. This was slightly higher than in the same period last year and significantly above both the five-year and 10-year H1 averages. The previously forecast annual new supply of more than 1 million sq m for 2026 remains on track.

As of June 2026, the Czech Republic’s total stock of modern industrial premises intended for lease reached 14.2 million sq m. The nationwide vacancy rate rose to 5.3%, returning to the level last recorded in Q1 20

Gross take-up remained broadly stable between Q1 and Q2, totalling 929,100 sq m in H1 2026. Leasing activity in the first half of the year was 15% below the five-year H1 average but broadly in line with the 10- year H1 average. The share of lease renewals reached 48% in H1 2026.

Net take-up increased modestly in Q2, bringing the H1 2026 total to 480,000 sq m. Compared with the first half of 2025, net demand increased by 13%, although it remained below both the five-year and 10-year H1 averages. The Greater Prague submarket was the largest contributor to net take-up in H1 2026, accounting for 20% of the volume.