
C&W STATISTICS: PRAGUE OFFICE MARKET Q1 2023
The new supply reached 38,000 sq m in Q1 2023, finally surpassing the 5-year average, with more to come in the …
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.