In Q1 2018, industrial space totalling 181,900 sq m was completed within 13 industrial parks across the Czech Republic. Major completions include a distribution warehouse for Makro at CTPark Prague North totaling 53,000 sqm, an extension of an existing building (31,900 sqm) in Panattoni Park Cheb delivered for DHL and a building of 22,200 sqm built for production company Petainer in CTPark Aš. Speculative construction accounted only for 2 percent of all new developments completed in the first quarter of 2018. These are the figures of the Czech Industrial Research Forum, which goes on to report that the total stock of modern industrial storage space increased to 7.18 million sqm.
There was 505,100 sq m of storage and industrial space under construction at the end of Q1 2018. Approximately 39 percent of that space is located in the Greater Prague. During Q1 2018 development works started on 31 percent (i.e. 155,700 sqm) of the total space that is currently under construction across the country. Approximately 63 percent of the industrial construction pipeline is due for delivery in the Q2 2018, according to IRF. The share of speculative floor space under construction has currently increased to 45 percent.
