The new episode of our video overview highlights trends in the Czech commercial real estate market. These are the highlights:
Market Dynamics: In H1 2024, 85% of commercial real estate investments in the Czech Republic came from domestic investors, reflecting a growing local capital presence. Despite economic challenges, investment activity rose by 13% to €817 million, mainly in retail and office sectors. Returns are increasing only in offices, while retail yields are declining.
Although the Prague office market is not growing as rapidly as in some neighboring countries, there are definitely a lot of interesting things happening here!
With a total area of almost 4 million m² of office space, Prague still maintains the lowest vacancy rate in the entire region of Central and Eastern Europe. This is proof of its attractiveness to the company. At the same time, there is a growing interest in buildings that are environmentally friendly and energy efficient, and more and more frequently in the renegotiation of rental contracts.
Are you interested in where the Prague office market is going? Check out our short video:
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