Development activity accelerated in the first half of 2026, with completions already exceeding the volume delivered during the whole of 2025. At the same time, occupiers remained selective and focused on optimising existing office footprints rather than expanding. This was reflected in renegotiations accounting for nearly 70% of all leasing activity, while all five of the quarter's largest transactions involved existing occupiers extending their leases. A growing development pipeline has yet to translate into a significant increase in available office space
- Prague's modern office stock exceeded 3.95 million sq m following the completion of Danube House (20,800 sq m) in Prague 8. Total completions reached 29,400 sq m in the first half of 2026, already surpassing the volume delivered during the whole of 2025.
- A total of 309,300 sq m is currently under construction, with Prague 4 and Prague 5 accounting for approximately three-quarters of the pipeline.
- Gross take-up reached 125,400 sq m, slightly above the long-term average. Renegotiations represented 69% of all leasing activity
- The vacancy rate remained stable at 5.8% for the third consecutive quarter, while available office space totalled 229,100 sq m at the end of June 2026.
- Prime rents remained stable at €30.00 per sq m per month in the city centre. Rental growth continued beyond the city centre, with prime rents reaching €22.00 per sq m per month in the inner city and €16.50 per sq m per month in the outer city.
