C&W Statistics: Prague Office Market Q2 2021

• Total stock reached 3,735,000 sq m at end of Q2 2021. A-class buildings accounted for 73% of the total modern office area.
• A total volume of 49,500 sq m of modern office space was delivered to the market in the second quarter of 2021, adding to just 3,500 sq m completed in the previous quarter. The new supply in the first half of the year thus decreased by 64% comparing with the same period last year.
• Vacancy rate kept increasing in Q2 2021, reaching 7.8% on average at the end of the quarter. Currently, there is about 291,000 sq m of vacant office space in Prague.
• 16 office and mixed-use projects are currently under construction, accounting for 147,300 sq m of office space. Only about 14,600 sq m should be completed by the end of 2021, additional 77,000 sq m are planned to be delivered in 2022.

Download here Q2 2021 MARKETBEATU.