MARKET IN MINUTES | CZECH REPUBLIC INDUSTRIAL MARKET Q3 2025

Since the beginning of the year, total industrial stock in the Czech Republic has expanded by 659,700 sq m, driven primarily by new development completions and supported by several sale & leaseback transactions. The volume of completions recorded year-to-date is 29% higher than in the same period last year and 6% above the 5-year average for the first three quarters.
As of September 2025, total modern industrial stock stands at
13.5 million sq m, with the national vacancy rate at 5.1%.
Strong leasing activity in Q3 2025 lifted year-to-date gross take-up to 1,509,100 sq m, representing a 35% y-o-y increase and exceeding the 5-year three-quarter average by 5%. Lease renewals accounted for 40% of total leasing activity during the first nine months of 2025, slightly above the 31% share recorded in the same period last year but in line with the 5-year average.
Net take-up rose sharply in Q3 2025, bringing the year-to-date total to 890,700 sq m, up 18% y-o-y and 1% above the 5-year average, which includes the record demand years. A high volume of leases signed by manufacturing companies in Q3 restored their leading market position, with their share of Q1–Q3 net take-up increasing to 44%.