Czech industrial vacancy takes a dive

Czech industrial vacancy plunged 6% over the last year, according to research by DTZ. More than 18% of all warehouses stood vacant at the end of Q3 in 2009, but the figure fell to 12% as Q4 2010 began. This came against the background of 74,000 sqm completing from July to September this year, including the 42,000 sqm Logistics Park Lovosice by HB Reavis, fully leased to CD Cargo. A 28,4000 building was also finished at CTPark Ostrava. Gross take-up hit 206,100 sqm in Q3 2010 (double the Q3 2009 result), but 62% of that was from renegotiations.

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