C&W Statistics: Prague Office Market Q4 2021

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The office new supply was the lowest in 2021 since the last five years, as the ongoing pandemic forced both office developers and tenants to postpone their decisions. Demand for offices increased by 6% year-on-year, although it keeps below the pre pandemic level. The period of extensive work from home seems to be over, as companies realize the importance of an office as a workspace. Many firms also left the strategy of sub leasing the free space within their offices. The vacancy rate growth halted in the end of 2021, but it remains relatively high.