JLL’s Czech Supply Chain Activity Index continues to grow, rising 1.1 percent in the third quarter. The report claim that Czech warehouse demand continues to exceed its long- term trend, pushing aggregate take-up 14 percent y-o-y for the first three quarters. GDP growth and strong trading figures have bolstered the sector and JLL writes that this positive sentiment is unlikely to dry up in the coming six months. But the pace of GDP growth is likely to slow to between 0.5 and 0.6 percent per quarter. Still, JLL anticipates take-up in the warehouse sector to hit 700,000 sqm this year and that the volume of construction will likely match this figure fairly closely.
