Q4 2020 hit by „reclosing“, e-commerce to witness record increases

The fourth quarter of 2020 was hit by the extent of the government lockdown measures. According to the Czech Statistical Office retail sales dropped by 0.2% y-o-y during the first eleven months of 2020. 

Prime rents remained stable compared to Q3 2020 and stood at 230 EUR/ sq m/moth on the high street and 145 EUR/ sq m/ mth for shopping centres. 

Currently, two shopping centres are under construction with a total of 16,200 sq m.

Given the current situation, several projects that were scheduled to start construction as well as refurbishment of existing schemes have been postponed.