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Oct 19, 2014
Limited new supply in Q3 caused decrease in vacancy rate. With strong new supply planned for Q4,we expect this trend to be just short-term.

Prague office market in Q3 2014

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Q3 2014 Hot Topics

  • No new modern office space was added to the market in Q3 2014.
  • 41,600 sq m of modern office space was newly leased in Q3 2014.
  • 55% of total leasing activity wasmade up by renegotiations, new occupations accounted for 33%.
  • Vacancy rate decreased by 0.6 p.p. q-o-q and increased by 1.1 p.p y-o-y to 14.0%.
  • 284,800 sq m is under construction, of which only 16% is pre-leased.