Take-up in Q2 2020 totalled 191,500 sq m, showing a significant increase of 76% q-o-q, but a 15% decrease y-o-y.
Net demand in the second quarter was driven mainly by logistics companies, which accounted for 28% of the total volume, closely followed by manufacturing companies, which accounted for 27%.
The largest new transaction in Q2 2020 was a pre-lease of 60,500 sq m in CTPark Bor, signed by an undisclosed company, which is also the largest lease this year so far. The second largest transaction was a pre-lease of 14,500 sq m in CTPark Prague West in Chrastany.
Prime rents remained at 4.90 €/sq m/month.
One third of the volume of projects under construction are located in the Moravia-Silesia region.
The country lock-down in March as part of the measures against the spread of the new type of coronavirus COVID-19 have complicated supply chains. Many manufacturing companies had to close due to supply disruptions.
The Czech Statistical Office data show that industrial production fell by 33.7 percent year on year in April and by 25.7 percent in May.
Although the gradual easing of restrictions at the end of the second quarter brought a resumption of the free movement of persons and goods within the European Union, intercontinental transport has been still facing problems. As a consequence, many companies are already looking for closer suppliers who could replace, for example, Chinese manufacturers. The demand for domestic production and storage capacities could increase as well.