75k sqm of new industrial space in Czech Republic

The Czech Industrial Research Forum is reporting that the total stock of modern warehouse space rose 75,600 sqm in Q1 2012 to 3.9 million sqm. It adds that another 132,500 sqm is under construction, suggesting that the market isn’t quite as dead as people have been making out. Over the same period, gross take-up was 130,700 sqm, a 30% drop from Q4 2011. Net take-up, the number developers really worry about fell 43% to just 89,000 sqm. Vacancy rose for the first time in two years to 7.3% from 6.7% in Q4 2011.

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