The beginning of 2018 brought a number of new projects across various locations into the industrial real estate market. Strong start of new construction is evident, for example, in Brno, where the realization of new projects of Prologis or Panattoni is underway. Also the Moravian-Silesian region is expected to expand its stock of “big-box” solutions by completion of 1st phase of Multimodal Park in Ostrava.

Developers respond to demand, which also spreads to regions following the topic of labor availability. For this year, we do not expect a more pronounced decline in the total volume of construction or transactions to 2017. The first quarter is clear evidence of a modest 7% year-on-year increase.