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Prague Office Market Q4 2017

Office supply

Five new office buildings totalling ca. 70,400 m2 were completed in Prague in Q4, whilst a total of ca. 136,000 m2 of offices was completed during the entire year 2017

Office vacancy

The vacancy rate declined further to its current level of 7.5%

Office demand 

In Q4, gross demand reached ca. 169,800 m2 and the total annual gross demand in 2017 totalled ca. 536,000 m2 representing a new record level

Office rents

Prime headline rents increased to their current level of €20.0 - 21.0 m2/month 

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