With the forced suspension of production in large car factories and supply companies, logically, there has been speculation about a fall in the market for industrial space. However, after the 2010 crisis, developers, owners and operators are prepared for further development. Moreover, the Czech office of the international consulting company, BNP Paribas Real Estate, did not notice either a drop in rent or a sudden increase in vacancies in distribution centres so far.
Due to the reshaped demand, developers are now more interested in brownfields as well as older or deserted buildings. This is due to the fact that there is practically no available development land for new construction in the wider city centre or in the surrounding area
Dušan Drábek, Head of the Industrial & Logistics team of BNP Paribas Real Estate Czech Republic and Slovakia