“READY-MADE” OFFICES SAVE TIME AND MONEY
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The newly emerging segment of “ready-made” offices has so far been the only one processed by the real estate consultancy …
C&W Statistics: Prague Office Market Q1 2021
1 minute reading
The completion of several projects has been postponed by a few months until 2021, but we still expect the lowest growth in office space this year since 2016.
- Completions of several projects were postponed to 2021, however, the lowest volume of new supply since 2016 is expected to be added to the stock this year in Prague.
- Investors in wait-and-see mode
- Office supply growth slowed down; completions planned for 2021 are the lowest since 2016
- Prague 4 remains the largest office market, while Prague 1 dominates in flexible offices
- Only two smaller refurbished projects completed in Q1 2021
- Flexible offices openings slowed down in 2020
- Vacancy rate keeps increasing but still relatively low in the long-term
- Sublease space growth slowing, interest in high quality space increases
Download here Market Beat Q1 2021
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