According to the Savills European Real Estate Logistics Census, the Czech Republic is becoming a key destination for industrial tenants’ expansion within Central and Eastern Europe. The results show that 44% of companies planning to expand in the Czech market come from the logistics sector, specifically third-party logistics (3PL). Additionally, 41% of companies are in the manufacturing sector, and 15% are from the retail sector. In terms of preferred space for expansion, 59% of occupiers who plan to expand in the Czech Republic intend to lease big-box units of 10,000–39,999 sq m. A further 34% are considering mid-box units of 5,000–9,999 sq m.
The Czech Republic is the top destination for industrial tenants expansion in CEE
Ondřej Míček, Head of Industrial Agency at Savills, says: “The Czech Republic was chosen as a target market for future expansion by 10% of respondents, which is twice the percentage that Poland received. Of the companies planning to expand in the Czech Republic, 35% are already based in the country. The next largest groups are companies from Spain, the Netherlands, and France. Interest in our country is likely supported by favourable conditions for nearshoring, including a high level of adaptability, low costs, a functional business environment, strong ESG performance, and, among other factors, access to the single European market.”
From a European perspective, companies tend to prioritize Western European markets, led by Germany and France. Over the next three years, 26% of tenants anticipate expanding most significantly in Germany, followed by 24% in France. The next two most popular locations are Belgium and Spain, followed closely by the Netherlands and Italy, with the Czech Republic ranking just behind them. Other countries, such as Poland, Denmark, the United Kingdom, and Hungary did not exceed the 5% threshold.
Read the Savills European Real Estate Logistics Census here.
You can find the full report on this topic here.
Source: savills.cz
