Last Thursday, we did something you just don't see. Instead of a normal work day, we pulled down the blinds, rearranged the lights and transformed our office into a space where music, energy and great vibes reigned. In short, a real rap club.
The crisis of the building permit procedure, coupled with its failed digitalisation, has also affected the area of development land transactions for further construction. The increasingly lengthy process of obtaining a building permit has opened up the price scissors between land that has a valid permit and those that do not. According to real estate consultancy 108 REAL ESTATE, which specialises in this type of deals, the price difference can be up to double. Meanwhile, in 2025, investor activity did not decrease, but rather increased slightly, only excluding properties for speculative construction without a known tenant in advance. This was particularly evident in the price growth of well-prepared plots in attractive locations, where a price of EUR 150 per square metre is not exceptional. This applies not only to the usual areas around Prague and Brno, but also to Liberec.
Net demand for industrial space in the Czech Republic reached a three-year high in the third quarter of this year. Gross take-up reached 642,045 sqm from July to the end of September. The share of new leases was unprecedented, amounting to 500,921 sqm in the period under review. According to real estate consultancy 108 REAL ESTATE, manufacturing companies leased a similar volume of premium industrial space as logistics: 163,449 sqm vs 177,570 sqm. Another new phenomenon is the achievement of a rent threshold of EUR 9 to 10 per sqm per month for selected urban logistics projects.
