OFFICE PROPERTY MARKET Q4/2025

In the fourth quarter of 2025, the Prague office market continued to be characterised by a very limited supply and consistently strong demand. The total stock of modern office space stood at approximately 3.94 million sqm, while the vacancy rate declined further to around 5.9%, marking the lowest level since the beginning of 2020. The market continues to show a pronounced imbalance between supply and demand, particularly for high-quality and energy-efficient buildings in prime and wider city centre locations. Limited development aktivity and high occupancy levels result in very low tenant willingness to relocate; when negotiating new leases, companies tend to focus more on optimising their existing premises. The hybrid working model remains the standard; however, greater emphasis is placed on the quality of the working environment, ESG criteria, andlong-term operational efficiency. As a result, the market remains clearly landlord-favourable.