C&W Statistics: Prague Office Market Q1 2022

• The total stock reached 3,750,600 sq m in March 2022. The share of A-class buildings in the whole office stock remained at the standard level of 73%. The highest quality AAA-class buildings accounted for over 17%.
• The single new completion in Q1 2022 includes a second phase of Harfa Business Center built by the developer Kaprain in Prague 9 district.
• Limited market absorption of the newly supplied office space led to an increase in vacancy rate in Prague in Q1 2022. The office vacancy rate increased from 7.8% at the end of 2021 to 8.4% in Q1 2022.
• 20 office and mixed-use buildings are currently under construction, accounting for 179,800 sq m of office space. Three more refurbishments started in the city centre in Q1 2022: 100Yards Na Příkopě, NR7 and Palác Schiller (Na Příkopě 9-11).

DOWNLOAD HERE – MARKETBEAT Q1 2022