The Regional Research Forum presents the latest office market data in Brno. The members of the Regional Research Forum are CBRE, Colliers International, Cushman & Wakefield, JLL, Knight Frank. Thanks to this collaboration, we can provide consistent, accurate and transparent data about the regional Czech office markets.
Total modern office stock in Brno reached 570,300 sq m in the first half of 2018. A-class properties represented 82% of the modern stock and B-class properties represented the remaining 18%.
There were two new office buildings completed in Brno in the first half of 2018: Campus Science Park DE (13,300 sq m) and Vlněna Office Park FG (12,400 sq m). Currently, there is 63,500 sq m of office space under construction in six projects of which approximately 24,900 sq m is expected to be completed by the end of 2018.
In H1 2018, gross take-up (including renegotiations) reached 45,600 sq m, which represents 55 % increase in comparison with the previous half a year and a year-on-year increase of 80 %.
The biggest transaction of the first half of 2018 was the pre-lease of Moravia IT in Vlněna Office Park AB (8,500 sq m) followed by the renegotiation of AT&T in Campus Science Park C (8,000 sq m) and the renegotiation of Monster in Spielberk Office Centre Villa H (2,400 sq m).
A total of 50,200 sq m of modern office space was vacant at the end of H1 2018. The vacancy rate accounted to 8.8%, representing a increase of 1.5 percentage points compared to H2 2017.
In H1 2018, prime headline rents in the Brno office market increased to 14.00-14.50 EUR/ sq m/ month.