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Industrial Research Forum
The Industrial Research Forum was established by CB Richard Ellis, DTZ, Jones Lang LaSalle and King Sturge with the aim to provide clients with consistent, accurate and transparent data about the Czech Republic Industrial Market.
The members of the Industrial Research Forum share non-sensitive information and believe the establishment of the Industrial Research Forum will enhance the transparency on the Czech Industrial market.
The Industrial Research forum is pleased to announce the Industrial Market figures for the first quarter of 2011.
Industrial Supply/Stock
The total stock of modern A-class warehouse and industrial properties in the Czech Republic currently stands at 3.62 million sq m. Approximately 18,500 sq m was completed in Q1 2011. Additionally, approximately 203,600 sq m of warehouse space are under construction.
Industrial Take-up
In Q1 2011, gross take-up including renegotiations recorded a 44% decrease q-o-q reaching 146,800 sq m, on an annual basis gross take-up decreased by 19%. Net take-up, excluding renegotiations, totaled 106,400 sq m (a decrease of 56% q-o-q and 17% y-o-y).
Vacancy
A total of 322,500 sq m of modern warehouse space was vacant at the end of Q1 2011. The vacancy rate decreased for the 5th consecutive quarter to less than 9% from 10.4% in Q4 2010.
For further information please contact any member of the Industrial Research Forum:
CB Richard Ellis:
Marcela Veselá
+420 224 814 060
DTZ:
Markéta Valtrová
+420 226 209 100
Jones Lang LaSalle
Nika Frouzová
+420 227 043 213
King Sturge:
Markéta Miková
+420 234 703 333
Definitions:
Total Stock and new supply:
Modern developer-led warehouse and industrial production space of A class quality, owned by a developer or investor for lease to third parties. It does not include owner-occupied stock. New supply includes the above mentioned space completed during the given period.
Take-up:
A gross figure representing total floor space that was let or pre-let over the specified period of time. A property is taken up when the lease or future lease contract is signed. Total take-up includes renegotiations and lease extensions, net take-up excludes these and includes only new leases and expansions of space within existing leases.
Vacancy rate:
Ratio of physically vacant space in completed buildings on the total stock.
Source: SMART Communication s.r.o., www.s-m-art.com