The data reveals trends across various property types, including industrial, shopping centers, office, high street, retail parks, and residential properties.
Over the years, industrial properties experienced a decline in prime yields, from 6.1% in 2016 to 4.5% in 2022. Shopping centers saw a similar trend, with prime yields dropping from 5% in 2016 to 4.5% in 2019, before increasing to 5.6% in 2022. Office properties exhibited a decrease in prime yields from 4.9% in 2016 to 4% in 2019, followed by an increase to 4.75% in 2022. High street properties experienced a decline in prime yields from 3.9% in 2016 to 3.5% in 2019, then increased to 4.65% in 2022.
Retail parks observed a decrease in prime yields, from 7% in 2016 to 5.8% in 2022. Residential properties, for which data is available only from 2020, displayed a decrease in prime yields from 4% in 2020 to 3.9% in 2021, followed by a slight increase to 4% in 2022. In conclusion, the commercial real estate market in the Czech Republic has experienced fluctuations in prime yields across various property types, reflecting the evolving dynamics and market conditions in the industry.