Q2 2025: Prague Office Market

Total modern office stock in Prague now stands at 3.94 million sqm. In Q2 2025, two office projects totaling 6,600 sqm were completed. The vacancy rate declined to 6.6%, and with limited new supply, further decreases are expected. Construction activity rose by 23% quarter-on-quarter, reaching 212,600 sqm under development, of which 73% is already pre-leased or owner-occupied. Gross take-up reached 164,600 sqm, led by the energy sector accounting for 27% of demand, while net absorption was positive, with occupied office space increasing by 23,800 sqm. One new flexible office centre opened in Prague during the quarter, bringing the total to 87, and prime headline rents in the city centre remained stable at €30.00 per sqm per month.