Prague Research Forum Announces Office Market Figures for Q3 2023 Quarterly gross office take-up decreased by 34% year-on-year At the end of September 2023, approx. 85,800 sqm of office space was under construction Renegotiations accounted for 50% of the total…
Q2 2023: Stable market. Limited construction.
Prague Research Forum Announces Office Market Figures for Q2 2023 In the last 12 months, no office building construction has commenced. No office building was completed in the second quarter. Renegotiations again dominated leasing activity Vacancy rate decreased to 7.3%…
Q1 2023: Almost 38,000 sq m completed across two office projects
Prague Research Forum Announces Office Market Figures for Q1 2023 Development activity is still significantly lower than pre-covid: around 145,000 sq m is currently under construction. No new construction commenced in the last nine months. Vacancy rate fell 75 basis…
Q4 2022: Prague office market recorded strong demand, but new construction remains sluggish
Prague Research Forum Announces Office Market Figures for Q4 2022 Almost 184,000 sqm of office space is under construction; most of it in Prague 1 and Prague 7. Total completions in 2022 comprise 75,400 sqm, up 35% year-on-year, however, still significantly below the long-term…
Q3 2022: No office building construction started in Q3 2022
Prague Research Forum Announces Office Market Figures for Q3 2022 Gross take-up increased by 40% year-on-year Vacancy rate slightly decreased to 8.1% Three office buildings were completed in Q3 2022 Almost 191,300 sqm of office space was under construction by…