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Demand for warehouses and production halls remains stable - automotive and rent reduction contributes

The domestic industrial real estate market had an interesting quarter in several respects. Data from real estate consultancy 108 REAL ESTATE show that while 357,000 sqm of warehouses and production space was leased in the second quarter, 335,000 sqm of industrial space was leased from July to the end of September. Of these, 207,046 sqm were new contracts. The result was also achieved thanks to several successful international tenders from manufacturing companies that opted for the Czech Republic on the basis of improving lease conditions.

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The Czech industrial real estate market is preparing for a new model of production and logistics - the core can also help

Nearly 8 million square meters of new manufacturing and warehousing space could be developed in the Czech Republic in the coming years. The total supply of industrial real estate would thus exceed 21 million sqm. A significant part of the new buildings could be built on existing brownfield sites, which in some regions are almost the only option for new construction on a meaningful site - among other things due to the increased protection of valuable agricultural land. A new study by real estate consultancy 108 REAL ESTATE shows this.

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Urbanity Campus Tachov received the prestigious award of the Ministry of Industry and Trade of the Czech Republic awarded in the Building of the Year competition of the Pilsen Region

Urbanity Real Estate Group has won another award for its outstanding achievement in industrial architecture and its novel revitalisation of a brownfield site. On 12 September, the GAMA building at Urbanity Campus Tachov was awarded the prestigious Ministry of Industry and Trade of the Czech Republic prize in the Building of the Year competition of the Pilsen Region, which was received by Markéta Šimáčková, COO and Deputy CEO, and Roland Hofman, co-founder and CEO of Urbanity, at the ceremony.

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