OFFICE PROPERTY MARKET Q3/2025

In Q3 2025, Prague's office market remained characterised by limited supply and stable demand. The total volume of modern office space reached 3.94 million sqm, while vacancy rates declined further, with the vacancy rate falling to 6.45%, the lowest level since 2022. Occupier activity remains strong, but the supply of suitable space remains limited, particularly in segments with higher quality or specific requirements. With construction holding at historic lows, the market remains strongly in favour of landlords. Even when renegotiating contracts, companies consider relocation only rarely, as the implementation of a new headquarters represents a significant financial and time investment. Hybrid working has become the norm, with companies continuing to optimise their space utilisation and preferring energy-efficient buildings in the centre or its wider surroundings. Rents have remained stable, reaching up to EUR 30/m²/month in premium locations, with rising construction costs reflected in incentives and fit-out allowances.