In the first quarter of 2021 we saw a continuing drop in vacancy rate caused by slow depletion of the market. For example in Greater Prague region there will be only a limited number of newly built premises within the next two years. Vacancy in this region (including Prague-west and Prague-east districts) reached only 0.55 % with 15,285 sq m which is a historical record. Total current stock in Greater Prague is over 2.8 mil. sq m and considering the supply and demand, this region needs exactly what Ostrava is experiencing right now.

Completed construction reached 47,046 sq m and projects currently in construction equal a total of 465,088 sq m. Total stock of modern industrial premises for lease reached 9,287,324 sq m. Although many projects are being announced and it seems like the market is healthy, it is still plagued by long permitting processes, reluctance by the public and by lack of new options in areas with most demand. This is in contrast to situation in neighboring states, especially Poland.