Vacancy rates decreased further to sub 4% in Q2 2018. The vast majority of supply under construction is pre-leased already thus no major rise in vacancy is expected.
Outside Greater Prague, which still caters for the largest share of construction volumes (20%), 16% of total stock under construction is situated in Moravia-Silesia, 14% in Usti region, 13% in South Moravia and 12% in Karlovy Vary region. Following on from the Usti region, the Karlovy Vary region has come on to the radar of developers and tenants due ot its proximity to Germany and availability of land.
Read full report by BNP Paribas Real Estate below.
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