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Prague office market Q1 2019 - overview

Real Estate and Consulting Company Professionals Ltd.. informs about the state of the Prague office market in Q1 2019.

The first quarter of 2019 brought to the Prague office market 30,500 m² of new A class office space representing roughly 1/5 of the 2018 total supply. As of the first quarter of 2019 there was approximately 326,500 m² of office space under construction in the capital city. The largest building under construction remained CSOB Bank II (30,000 m²) situated in Prague 5. Over the last years the office market in Prague has registered declining vacancy rate, which in the first quarter of 2019 dropped below the 5% threshold standing at only 4.3 %. Total vacant office space as of 2019 Q1 amounted to 153,500 m², 14 % down on the previous quarter 2018 Q4.

professionals | prague office market