Knight Frank Czech Republic presents regular office market update on the Czech real estate market for the third 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.

• We anticipate a significant decrease in new supply next year The vacancy rate should drop in 2025 as a result of lower new supply, it experienced a slight increase this year

• The prime headline rents are expected to continue increasing.

• Nearly a third of modern offices in Prague are over 20 years old, which will create pressure for modernization and renovation in the future to enhance alignment with ESG requirements.

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