Prague Office Market - Q4 2017

Prague Office Market - Q4 2017

IV Quarter 2017

In Q4 2017, five new office projects were completed in Prague. In total, ca. 136,000 sqm of office space was completed throughout the year. Continuous strong demand for offices led to a decrease in the vacancy rate by 0.25 percentage points to its current level of 7.5% which represents the lowest level since 2008. In Q4, prime headline rents in the city centre of Prague increased to their current level of €20.0 – 21.0 sqm/month.