![Q1/2024: CZECH ECONOMY WILL SLIGHTLY GROW IN 2024](https://officeguide.cz/wp-content/uploads/2024/05/2024_q1_market-report_li-office-kopie-1.png)
Q1/2024: CZECH ECONOMY WILL SLIGHTLY GROW IN 2024
Following a notable decline in the third quarter of 2023, the Czech economy experienced a recovery in the last quarter of 2023. …
The new office supply in 2022 is expected to exceed the relatively low level of the previous year. Leasing activity exceeded the five-year quarterly average. However, limited absorption of the newly supplied office space led to an increase in the vacancy rate in Prague. Rents increase in the city centre and some outer city locations driven by new projects.