Prague Research Forum Announces Office Market Figures for Q4 2023 Introduction Prague Research Forum is pleased to announce the office market figures for the fourth quarter of 2023. The members of the Prague Research Forum – CBRE, Colliers, Cushman &…
Q3 2023: Nearly 60,400 sqm of office space in six buildings was completed.
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…