Knight Frank Czech Republic presents regular office market update on the Czech real estate market for the second quarter of 2024. Have a look on a quarterly update on the Prague office market looking at supply and demand patterns and analysing major occupier trends.

• Construction activity has increased significantly resulting from the launch of major development projects in Prague 4 and Prague 5

• Due to the inclusion of the Česká spořitelna HQ owner occupation deal, take-up has increased significantly in Q2 2024

• Alongside with the rise in construction volumes and take-up, prime headline rents also recorded growth

• Vacancy rate has increased slightly, but as new supply is forecast to be marginal, vacancy rates should contract gradually

• We record more than 130,000 sq m of coworking space and serviced offices in Prague, rising supply of this flexible office space meets the demand of occupiers for increased spacial and temporal flexibility

For more information you can download the report below.  We will be happy to answer any questions you may have about the investment data or anything else related to the property. We are your partners in property. 
Lenka Šindelářová Head of Research and Consultancy lenka.sindelarova@cz.knightfrank.com +420 602 773 592