The volume of transactions in the first quarter is very high, despite the small number of transactions. Large transactions have returned. Offices and local investors continue to drive the market. Revenue decompression is a real possibility going forward.

Vacancy rate rose for the first time since Q1 2020 but demand remains very high in the first quarter. The market is seeing a boom in construction of new industrial space, even though problems in the supply chains persist. Next quarter, the Czech market with industrial space will overtake 10 million sqm.