The Czech Republic’s capital is also its most important economic centre. Thanks to its central position both within the country and in Central Europe, the city serves as a key European transport hub, attracting developers of industrial real estate and various manufacturing and logistics companies.
With a population of 1.3 million, Prague boasts a highly educated, multilingual workforce and a relatively low cost of living. The Czech Republic ranks amongst the safest, most politically stable countries in the world, with exceptional credit ratings from Moody’s, Standard and Poor’s, and Fitch. Successful foreign direct investments, high employee retention rates, and consistent developments in local infrastructure all point to a positive forecast for future investments in the capital.
The development of high-tech sector in Prague has been growing over the past years. In 2019, Prague registered 10.3% of people employed in high-tech sector which is the highest share of high-tech sector employment among all EU27 regions. In total numbers this share represents 710,000 people employed in technology and knowledge-intensive sectors in Prague.
Prague’s transport routes offer prime locations for warehouse rental and industrial construction. The city has the largest logistics market in the country, offering modern storage areas exceeding 3.2 million m2, almost 40% of the total supply in the Czech Republic. The CTPark network provides A-Class spaces concentrated along major transport routes like the D1 highway (CTPark Prague East), D8 (CTPark Prague North), and D5, connecting Prague to the German market (CTPark Prague West) and the international airport (CTPark Prague Airport).
Reasons to believe: