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Penta Real Estate has acquired a 50 pct stake in HoldCo Bubny, a company with land holdings int the Bubny–Zátory development area in Prague, which is to be redeveloped into a vibrant new mixed-use district in Prague. A total of 27 residential blocks with 10,000 new homes are planned in a projected investment of…
Knight Frank market update on Prague office and investment market conditions.
Knight Frank Czech Republic presents quarterly sector indicators and investment market analysis based on real data and market trends.
Quarterly market synopsis tracking occupier activity and office market dynamics in Prague.
The supply of modern office space in Prague remains constrained, with the vacancy rate standing at 5.8% at the end of the second quarter of 2026, the lowest level since 2020. Total modern office stock reached approximately 3.95 million sqm, yet only one project was completed during the quarter: the renovation of…
Colliers has introduced Reworks, a digital platform that uses artificial intelligence to help companies optimise office space utilisation. The tool addresses declining office occupancy, rising operating costs and post-pandemic shifts in workplace patterns, and is positioned as a faster and more cost-effective…
The Prague Research Forum — comprising CBRE, Colliers, Cushman & Wakefield, iO Partners, Knight Frank and Savills — has published its office market figures for Q2 2026. Total modern office stock reached 3.95 million sqm at the end of the quarter, following the completion of the refurbished Danube House in Prague 8…
Knight Frank analysis of investment market conditions and trends across Central and Eastern Europe.
Prague Research Forum has announced the office market figures for the second quarter of 2026. The members of the Prague Research Forum – CBRE, Colliers, Cushman & Wakefield, iO Partners, Knight Frank and Savills – share non-sensitive information with the intention of providing consistent, accurate and transparent…
Comprehensive analysis of the Czech hospitality real estate market covering macroeconomic indicators, tourism demand patterns, CEE hotel transactions, and branded chain penetration in Prague and regional luxury wellness resorts.
The Prague office market in Q4 2025 experienced its lowest vacancy rate since early 2020, with only five office projects completed during the year representing historically minimal new supply, while prime rents remained stable quarter-on-quarter despite expectations for growth in 2026. Office development activity concentrated in Inner City, and although take-up declined year-on-year, demand continued to exceed long-term averages.
Cushman & Wakefield's Q3 2025 MarketBeat report on Czech industrial real estate shows total modern industrial stock of 12.9 million sq m, with 130,800 sq m delivered in the quarter and 475,400 sq m completed year-to-date. The market maintained a 4.0% vacancy rate with 608,900 sq m gross take-up in Q3 2025—the highest quarterly volume since 2022—while prime rents remained stable at €7.50/sq m in Prague, though economic growth is slowing amid global trade headwinds and exports are expected to weaken in the second half of 2025.
The Czech Republic industrial market reached 13.5 million square meters of total stock in Q3 2025, with gross take-up of 637,100 square meters representing a 79% year-over-year increase and the highest quarterly volume since 2022. Net take-up surged 120% year-over-year to 468,900 square meters in the quarter, while the national vacancy rate stood at 5.1% and new completions totaled 157,500 square meters, with 84% of newly delivered space pre-leased.
As of June 2025, Prague's modern built-to-rent (BTR) sector comprises 4,598 rental units across 81 schemes, with 80% newly built and the remainder refurbished, dominated by studios (37%) and one-bedroom apartments (41%), while the market remains highly fragmented with 57 schemes containing fewer than 50 units. The report finds that rents for smaller units have remained relatively stable year-over-year, larger units experienced approximately 15% price increases, the active pipeline contains 1,902 units under construction with 3,400 more planned to begin within two years, and Prague's BTR stock of 3,587 units in developments exceeding 40 units lags behind Warsaw's 7,955 units despite comparable city populations.
This is a market report published by Savills on December 31, 2025, covering the industrial sector in the Czech Republic as of the fourth quarter of 2025, with a focus on Prague.
Czech commercial real estate investment reached a record €4.36 billion in 2025, representing a 136% year-on-year increase, with mixed-use assets capturing 29% of volume, offices 24%, and industrial 18%, while Czech domestic buyers dominated with 86% of total investment volume. Q4 2025 investment activity accelerated sharply to €1.83 billion across 33 deals, with the Palladium mixed-use transaction representing the largest single-asset deal in Czech market history, and prime office and industrial yields stabilizing at 5.15% while retail yields compressed to 6.00%.
Savills' Q4 2025 Prague office market report documents total stock of 3.94 million square meters with gross take-up of 143,400 square meters (down 24% year-over-year), net take-up of 60,900 square meters (down 35% year-over-year), a vacancy rate of 5.9% (down 134 basis points), and completions of 11,300 square meters (up 240% year-over-year). The document reports that 2025 saw Prague's lowest annual new office supply in market history at 26,600 square meters, that the vacancy rate fell below 6.0% for the first time since Q1 2020, that total occupier activity reached 573,200 square meters (10% below 2024 but 18% above the five-year average), and that net take-up for the full year was 307,100 square meters (3% below 2024
Cushman & Wakefield's Q4 2025 industrial market report for the Czech Republic shows that total modern industrial stock reached 13.3 million sq m, with 813,500 sq m completed year-to-date (a 53% increase versus 2024) and 1.3 million sq m under construction, while leasing activity posted strong results with 642,000 sq m gross take-up and 371,500 sq m net take-up for the quarter. The vacancy rate stood at 4.8% at quarter-end with prime rents stable at €7.50/sq m in Prague, €6.50/sq m in Brno, €5.90/sq m in Pilsen, and €5.60/sq m in Ostrava, as the Czech economy recovered from prolonged stagnation supported by domestic demand with 3.0% GDP growth forecast and unemployment at 2.8%.
Prague's office market ended 2025 with a 5.9% vacancy rate and stable prime rents at €30.00 per square meter per month, supported by record-low new supply of 26,600 square meters delivered during the year while 263,300 square meters remained under construction for 2026-2028 completion. Full-year gross take-up totaled 573,200 square meters, 10% below 2024 levels, though the Czech economy continued to recover driven by domestic demand and rising consumption despite cautious corporate hiring in the office sector.
Czech Republic's retail market delivered 57,300 sq m of new retail space in Q4 2025, bringing modern retail stock to 4.0 million sq m, with prime rents rising across all segments—high street rents increased 6.8% year-over-year to €235 per sq m per month, shopping centre rents rose 12.7% to €160 per sq m, and retail park rents gained 10.3% to €16 per sq m. The economy is expected to maintain solid growth in 2026 before stabilizing toward 2027, supported by strong domestic demand and household consumption, with approximately 119,700 sq m of retail space under construction as of end-2025.
The Czech commercial real estate market achieved record investment of €4.2 billion in 2025, more than double the prior year's €1.7 billion, with Q4 2025 alone reaching €1.8 billion, driven primarily by domestic capital representing 86% of annual volume and major transactions including the Palladium shopping centre and office acquisition by Czech fund Reico. Prime yields remained stable with office and industrial yields at 5.00% and hotel yields at 6.25%, while sector allocation was led by offices at 31% of annual investment, retail at 28%, and industrial assets at 19%, supported by projected GDP growth of 2.7% and improving consumer confidence.
This is a quarterly market report on the Prague office sector published by Colliers in September 2025. The report provides an overview of office market conditions in Prague, Czech Republic.
This is a market report published by Colliers on September 30, 2025, providing an investment market overview for Prague and the Czech Republic in the third quarter of 2025. The report covers capital markets activity and investment trends across the multifamily, office, and retail sectors in the Prague market.
This is a market report published by Colliers in September 2025 covering the industrial sector in Prague, Czech Republic for the third quarter of 2025.
Prague's office market in Q2 2025 showed a vacancy rate decline to 6.6% with total stock at 3.94 million sq m, while gross take-up fell 24% year-over-year to 164,800 sq m and new completions dropped 86% to 6,600 sq m, reflecting persistently constrained supply. Technology & IT sector companies dominated leasing activity, net take-up reached 110,300 sq m down 13% annually, and the outlook remains subdued with only 26,600 sq m of new supply projected for 2025, the lowest annual figure since 1994.