Prague Office Market Q3 2025: Declining Vacancy, Stable Rents and Limited Supply
The Prague office market remained stable in Q3 2025, with no new completions and a further drop in vacancy. Demand strengthened modestly, while the development pipeline grew year-on-year yet remains largely pre-committed, keeping future supply tight.
Download the full report (PDF)
Supply & Development
No new office buildings were delivered to the market in Q3 2025, keeping Prague’s modern office stock unchanged at 3.94 million sqm.
Construction activity increased 15% year-on-year, with 244,200 sqm currently under development. However, 72% of this space is already pre-leased or owner-occupied, confirming that the upcoming supply will have limited impact on market availability.
Demand & Occupier Activity
Net absorption remained positive, reaching 4,600 sqm, with the strongest activity recorded in Prague 7.
Net take-up totalled 89,200 sqm, while gross take-up amounted to 176,200 sqm.
The vacancy rate continued its downward trend and fell to 6.4%, reflecting gradually improving market dynamics and steady occupier demand.
Three new flexible office centres were added to the Prague market, underlining ongoing interest in hybrid workspace solutions.
Rents & Investment
Prime headline rents in the city centre remained stable at €30.00/sqm/month, supported by low vacancy and the absence of new supply.
Prime yield stood at 5.25%.
Investment activity reached €130 million in Q3 2025. Despite a selective investor environment, demand for prime, well-located assets persists.
Head of Office Agency Czechia
Head of Research Czechia
