Commercial REThe impact of COVID-19 and consequent restrictions in the Czech Republic have resulted in an uneven development across the real estate segments as overall demand in the industrial segment and retail parks has been rising despite the pandemic. On the other hand, hospitality and office segments are significantly impacted and structural adaptation in 2021 is expected.
The institutional investment and development of rental housing or growth of co-working spaces in the office segment were among the most significant trends that accelerated in 2021.
Further development of each segment in 2021 will continue to largely depend on the economic and COVID-19 pandemic situation.
Increased e-commerce activity due to the shutdown of shops and businesses and the resulting transfer of a great part of the sales online is currently increasing the demands on logistics, which in turn increases the demand for warehouse premises. Their location will grow in importance based on the availability of workforce. Further increase is expected in 2021, especially in prime warehouse rental prices.