Czech Republic

"Total investment volume in 2019 reached €2.96 billion,showing a 6% y-o-y increase."

"Despite a cooling in net take-up levels, the vacancy rate edging up, and a healthy pipeline of new developments, tenant appetite for Prague offices remains strong and we do not foresee any significant changes in vacancy in the coming quarters. Headline rent increases observed in new developments are being partially driven by high construction costs as well as the increasing activity of coworking operators, who are aggressively challenging rents across the entire grade A office sector in Prague."

"It has been 15 years since the Czech Republic joined the EU and during that time our country has been transformed economically, societally and physically – no more so than in the built-up space around us."

""Net demand continues to outperform supply of new office space, pushing the already low vacancy levels further down to a new record. We have not yet witnessed any negative impacts of the anticipated economic slowdown on the leasing activity, however companies could become more cautious with their real state strategies and costs towards the end of the year.""

"Q4 2018 was the strongest quarter of the year in terms of gross leasing activity. Transactions totalling 155,300 sq m were signed in the final quarter of the year, bringing the total annual gross take-up to 513,700 sq m."

"Restrained speculative supply will keep the vacancy rate low and below market equilibrium, the power therefore staying in the hands of landlords. Demand for industrial space in the country is expected to remain stable or possibly dwindle amid anticipated economic slowdown."