C&W statistics: Prague Office Market Q2 2022

1 minute reading

Both gross and net take-up levels reached levels above the pre-pandemic average. As a result, the vacancy rate remained at the same level as in the previous quarter (8.4%). Construction of about 170,000 sq m will begin in the remaining half of 2022 and during 2023, representing healthy but still reserved development activity in the Prague office market, facing disrupted supply chains and high construction costs. Prime rents in new projects in the city centre have risen by 13% and are expected to increase even further. However, the rental growth in existing prime projects is much more moderate in projects outside the wider city centre.

Prague Office Market report