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    Prague Office Market 2014-Q2

     

    The majority of 2014/Q2 new supply was developed in Prague 8 (Karlín business hub); in total over 66,000 m2 were completed in the second quarter in Prague. Total volume of completed office space during 2014 is likely to exceed the figure from the previous year by around 100 thousand m2. Except for Prague 3, Prague 5, Prague 8 and Prague 10, all of the Prague areas have seen worse take-up compared to the previous quarter. Sitting at 14.5 %, the office vacancy rate increased by 1 percentage point in the second quarter of 2014.

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