7th December 2021

2021/Q3 Industrial Property Market Report

• Stock of “A” class industrial premises for lease reached 9,633,798 sq m and with current project pipeline we expect that 10 mil. mark will be reached next year. 130,035 sq m were delivered to the market. The amount of completed premises so far underperforms in comparison to the last year and probably won't catch up in the last quarter of the year.

• There are currently 621,424 sq m in construction, but if we count projects with ongoing groundworks the number is even higher. Largest project currently in construction is Panattoni park Kojetín for Amazon.

• Vacancy rate dropped for the fifth quarter in a row to 2.46 % as there is an extreme demand from tenants. If we do not count shell and core premises vacancy rate reaches only 1.49 %!

• Number of companies in logistics, e-commerce and fullfilment sector like Rohlik group, Zásilkovna, Linde Material Handling or Amazon are implementing automation solutions to increase productivity.

2021/Q3 INDUSTRIAL PROPERTY MARKET REPORT

Members of the American Chamber of Commerce in the Czech Republic