The Czech industrial market may still be dominated by Prague, but the country’s border areas are taking on an ever-increasing importance. In the first quarter of 2018, for example, nearly one-quarter of all new industrial stock was built in the Karlovy Vary region, including Panattoni Park Cheb and CTPark Aš. In its latest report, JLL writes that there are several reasons for the trend, the most important of which are their strategic location and proximity to transportation infrastructure. The next two busiest regions in Q1 were Western Bohemia and the Usti regions, which were responsible for another fifth of all newly completed space. In all, 212,000 sqm of new industrial space, bringing the total stock in the country above the 7 million square meter mark. Roughly 39 percent of that total belongs to the Prague market, followed by 15 percent in the Pilsen region and 13 percent in the South Moravian region. According to JLL, eight of the 34 industrial parks where work is currently underway are new ones and largest of these, with 56,000 sqm is the Ostrava Airport Multimodal Park.
