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Prague office market Q3 2018 - overview

13.12.2018

Real Estate and Consulting Company Professionals Ltd.. informs about the state of the Prague office market in Q3 2018.

Office stock increased in 2018 Q3 adding approximately 40,600 m2 of office space     to the Prague‘s market. The largest newly completed office building is called Palmovka Open Park; the project is located in Prague 8 and comprises 24,500 m2 of A class office space. The office complex AFI Vokovice also obtained its final approval in Q3;  this project consists of two office buildings with total office area of around 12,100 m2.

Around 346,000 m2 of office space were pending delivery in the capital located primarily in Prague 8 and further in Prague 4, in Prague 5 and in Prague 6.

Prague office vacancy rate in the third quarter of 2018 got closer to the 6% mark, standing at 6.1 %.

Report | Prague office market Q3 2018