305 000 SQ M OF LEASING TRANSACTIONS
1 350 000 SQ M OF LAND SALES
The retail warehouse sector has emerged over the last few years largely as a result of international companies expanding on the Czech market. The retail parks are constructed in small towns and big box occupiers are still expanding throughout the country. New trends are visible with leisure concepts expanding as well as the restaurants and bars in the retail parks.
To date 820 000 sq m of specialized retail parks were constructed. The average vacancy is still on healthy lever - approx. 7%. The trend is to build smaller parks. The development is still very stable.
RETAIL PARKS MARKET OUTLOOK
The retail warehouse concept is evolving towards a better quality and more integrated format which is proving increasingly popular with retailers and consumers. The face of development is constant with major changes in next years. The retail parks are going to be constructed in towns with less than 10,000 inhabitants. All operators are awaiting particular hit by e-commerce which might have quite strong impact on the whole retail warehousing market.
RETAIL WAREHOUSING TEAM:
Partner, Head of Retail Warehousing CZ & SK
Tel: +420 602 248 930
Tel: +420 724 334 003
Tel: +420 702 169 852
As a part of our marketing approach, Retail Warehousing department issues Retail Warehousing map every 2 years. This is a comprehensive map of all existing and planned retail parks in the Czech republic. Would you be interested in this map, please contact us.