Knight Frank Czech Republic is pleased to present its quarterly update on the Prague office market in Q1 2026. This report provides a detailed overview of the Prague office market development, highlighting key trends in supply and demand as well as significant occupier activity.

• Office construction volume is currently at its highest level since 2019, with only 37% of the new space available for lease on the market.
• Over the course of this year, we expect a further slight decrease in the vacancy rate, which currently stands at 5.8%.
• Prime rents increased significantly in Q1, particularly in the inner city, rising by 10% year-on-year; we expect rental growth to continue throughout the rest of the year.

For more information, please download the report below. Should you have any enquiries about the office data or our broader real estate advisory services, our team will be pleased to assist you.
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Lenka Šindelářová Head of Research and Consultancy lenka.sindelarova@cz.knightfrank.com +420 602 773 592
Jan Babka Head of Office Agency jan.babka@cz.knightfrank.com +420 702 276 335