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Czech Republic : Take-up forecast to exceed 1 million sq m - Q3 2013

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A research produced by DTZ

Czech Republic : Take-up forecast to exceed 1 million sq m - Q3 2013

Despite intensive development activity, vacancy rates are decreasing as the majority of projects under construction is pre-leased.

Gross take-up could exceed 1 million sq m this year, this would represent historically the highest recorded occupational activity. Renegotiations however represent on average 44% of the total take-up in 2013.

Production companies are the key driver of demand in 2013. Most new leases are signed in the Greater Prague, South Moravia and Moravian-Silesian Region.

Prime headline rents remain stable and also during next year no significant fluctuations can be expected.

Source :DTZ (Groupe UGL)

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Keywords : DTZ