C&W statistics: Prague Office Market Q3 2021

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Companies are careful with their moving or expansion plans and certainly try to optimize their costs. With the experience of more extensive working from home during the first wave of the pandemic, employers are now considering more flexible working schemes together with a higher number of shared desks resulting in lower demand for office space in general. This is evident from the lowest quarterly net demand in the last decade together with the growth of the available space for sublease. On the other hand, current vacancy rate still keeps relatively low, as we recorded a high volume of renegotiations and new supply is reasonable.