Office Rental Prague 1: A Prestigious Address in the Heart of the Capital

The city center has long been a prestigious address for law firms, embassies, investment funds, and company headquarters. The office market in Prague 1 is stable, with limited supply and high demand for both flexible and historic spaces. Companies appreciate the exceptional public transport access, proximity to state institutions, and the prestige of the location itself.

🟣 Market Overview: Central Prague Office Trends

Prague 1 is the most prestigious office location in the country. It hosts embassies, banks, law firms, and multinational corporations. However, supply is limited—mostly reconstructed historical buildings and premium mixed-use projects. Vacancy rates in this district are traditionally very low, pushing rents to one of the highest levels in the Czech Republic.

💬 Expert Opinion – Milan Kilík, Office Space Specialist

“Prague 1 remains synonymous with prestige, representation, and top-tier addresses. The office supply here is very limited, which keeps prices high even with longer tenant decision-making processes. Still, demand remains strong because having an office in the city center is a strategic move for many companies that directly impacts their image and client relationships.”

🟣 Most Sought-After Offices in Prague 1

There is strong demand for representative units in the historical city core, often with views of Prague Castle, Old Town Square, or the Vltava River. Smaller to mid-size spaces of 100–500 m² are the most popular, with emphasis on style and atmosphere. Tenants prioritize location, prestige, and brand image.

100 Yards

Located at Na Příkopě 23–27, 100 Yards is a premium administrative building combining a historic façade with a modern interior by studio Acht. It offers approx. 3,500 m² of office space, 300 m² of terraces, and 3,600 m² of retail units. A typical floor provides up to 1,200 m² that can be split among three tenants. Units feature ceiling heights of 2.9–3.8 m, efficient modular design, integrated LED lighting, air conditioning, operable windows, and smart HVAC. The building is undergoing LEED Gold certification, using green technologies for energy efficiency and comfort. Available units range from 330–1,150 m², some with terraces or fully fitted interiors and sublease options until Q1 2031.

Myslbek

Myslbek is a prestigious administrative complex spanning 17,000 m² of modern office space across three interconnected buildings. It includes a retail arcade connecting Na Příkopě with Ovocný trh. Floors (approx. 3,300 m²) can be tailored to open space or cellular layouts. Equipment includes 326 parking spaces, air conditioning, operable windows, optical internet, and an 800 kVA backup generator. With three reception areas, 24/7 security, and BMS, it’s ideal for firms needing a representative address with metro, tram, and train access nearby.

NR7

A unique historic building from 1905 on Náměstí Republiky 7, NR7 has been carefully renovated to combine neo-Baroque elegance with modern technology. It offers approx. 4,600 m² of high-end offices across eight to nine floors, featuring air conditioning, operable windows, 24/7 access, and reception. The building includes meeting rooms, an event zone, gym, wellness, and a winter garden—creating a luxury office environment. Units range from 80 to 800 m², some with terraces.

Albatros

Located at Na Perštýně 342/1, Albatros is a modern office center offering private offices, coworking zones, meeting rooms, and virtual offices. Features include daylight-filled interiors, high-speed Wi-Fi, reception, printing stations, a snack kitchen, and on-site support. The building has 24/7 access and is steps from Můstek metro station, cafes, and shops.

Quadrio

This top-tier office-retail complex lies directly above Národní třída metro station. It offers 16,400 m² of offices and 8,000 m² of retail, along with 250 underground parking spaces. Its unique clover-shaped floors allow for abundant daylight and layout flexibility. LEED Silver-certified, Quadrio features air conditioning with chilled ceilings, raised floors, a diesel generator, security, CCTV, and BMS. Units range from 607 to 943 m².

Palladium Offices

Located above Náměstí Republiky metro station, Palladium Offices offer 19,500 m² of space across three floors. Units range from 300 to 2,000+ m², some with terraces and views of the Old Town and Letná. BREEAM In-Use (Excellent)-certified, with energy class C, the building includes fan coil A/C, raised floors, BMS, and 24/7 security. Parking is in the city's largest garage (up to 900 spots), with EV chargers and cyclist facilities.

Millennium Plaza

This elegant office building at V Celnici 10 combines historical charm with modern design. It offers approx. 12,000 m² of premium offices across nine floors, with units up to 2,000 m² and a skylit atrium. The property includes four underground floors with up to 440 parking spaces, a retail arcade, World Class gym, casino, and Marriott Hotel with conference space. Amenities include A/C, raised floors, UPS, BMS, and 24/7 security.

Palác Dunaj

Located on the corner of Národní and Voršilská streets, this functionalist landmark (built 1930) was renovated to preserve its heritage while achieving LEED Gold and WELL Gold standards. It offers 6,800 m² of office and 2,000 m² of retail space. The building features rooftop terraces, a central reception, elevators, operable windows, A/C, raised floors, and BMS—delivering a unique blend of historic prestige and modern comfort.

Vodičkova Residence

A carefully renovated Art Nouveau building near Wenceslas Square, Vodičkova Residence offers 3,500 m² of elegant offices and commercial space. Features include high ceilings, sash windows, stucco detailing, A/C, fiber optics, reception, lifts, and 24/7 electronic security. Units are flexible—ideal for law firms, boutique businesses, or clinics—just steps from all metro lines and major tram routes.

Palác Koruna

An iconic Art Nouveau building at Wenceslas Square and Na Příkopě, built 1912–1914 and renovated in 1996. A cultural monument, it offers top-quality office space over 3–7 floors with A/C, operable windows, 24/7 reception and security, lifts, optical internet, and BMS. The building sits directly above Můstek metro station and features retail, dining, and excellent access.

Myšák Gallery

A multifunctional complex in the heart of Prague, Myšák Gallery combines the renovated rondocubist former Myšák confectionery with a new development linking Vodičkova Street, Františkánská Garden, and Jungmann Square. It offers 4,000 m² of offices and 3,400 m² of retail, A-class technology (A/C, raised floors, sprinklers), 24/7 security, modern lifts, and underground parking/storage. Located just 150 m from Wenceslas Square, with top-tier public transport links and a lively service environment.

🟣 Most Popular Areas in Prague 1

Wenceslas Square, Na Příkopě, Pařížská Street, and the surroundings of Národní třída are the most in-demand zones. Many buildings combine office and retail functions—boosting attractiveness for both employees and clients.

🟣 Benefits of Offices in Prague 1

• Symbolic address – ideal for companies focused on image and representation
• Outstanding transport links – access to all metro lines, trams, and main railway station
• High density of services, hotels, gastronomy, and cultural venues
• Exclusive work environment in the historical heart of the city

🟣 Why Work with iO Partners?

At iO Partners, we help you rent or find an office space that fits your business ambitions and client expectations. We have access to off-market listings and negotiate effectively with owners of historic and premium buildings.

➡️ Choose from our current offer of offices in Prague (Prague 2, Prague 4, Prague 5, Prague 7 or Prague 8), Brno, Pilsen, Ostrava, Olomouc or České Budějovice. We can find you offices all over the Czech Republic at the best price or other non-residential space according to your needs.

Frequently Asked Questions (FAQ)

• Can I also rent the warehouse space?
  Yes, in addition to offices, we offer warehouse space in Prague |East or West| - often in combination with administrative facilities at one address.
  
  
• What’s the average rent in Prague 1?
  Around €20–22/m²/month, higher for exclusive units.
  
  
• Are modern offices available in historical buildings?
  Yes, many central properties have undergone full renovations and meet high standards.
  
  
• Is parking available?
  Parking is limited, but most buildings offer designated spots or access to nearby garages.