C&W STATISTICS: PRAGUE OFFICE MARKET Q1 2023
The new supply reached 38,000 sq m in Q1 2023, finally surpassing the 5-year average, with more to come in the …
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.
Download here – MARKETBEAT Q3 2021