In Q3 2025, the Prague office market showed stable performance despite limited new supply. Leasing activity remained solid, supported by owner-occupied transactions and renegotiations, while vacancy rates continued to decline across most districts. Construction activity picked up, with several large-scale projects underway and scheduled for completion in 2025-2028. Prime rents remained unchanged, reflecting balanced conditions between demand and availability.
- Total modern office stock reached 3.94 million sq m by the end of Q3 2025. No new office space was completed or refurbished.
- Reconstruction began on the future headquarters of Generali Group in Prague. Currently, 244,200 sq m of office space is under construction.
- The vacancy rate fell to 6.4%, decreasing by 8 basis points quarter-on-quarter. At the end of September, more than 254,100 sq m of office space was available in Prague.
- Gross take-up reached 176,200 sq m, driven primarily by large owner-occupiers and renegotiations. Compared to the previous quarter, total demand increased by 7%. Renegotiations accounted for 49% of the total gross take-up.
- Prime rents remained stable across all parts of the city, with the city centre at €30 per sq m per month.
