The Prague office market remained stable in Q3 2026, supported by low vacancy and continued demand for high-quality office space. While occupiers remain selective, leasing activity continues at a healthy level, with renegotiations accounting for a significant share of demand. New supply remains limited, while a substantial part of the space currently under construction is already pre-let. Prime rents increased further during the quarter, reflecting the limited availability of high-quality space in the most sought-after locations.
- Prague’s modern office stock remained at 3.95 million sq m in Q3, with no completions or new construction starts during the quarter.
- Around 308,900 sq m of office space is currently under construction for delivery between 2026 and 2028, with approximately 61% already pre-let.
- Gross take-up reached 107,000 sq m in Q3. Renegotiations accounted for more than half of leasing activity, while net take-up remained more moderate.
- The vacancy rate edged down to 5.6%, with around 222,900 sq m of office space available across Prague. Including sublease space, overall availability stood at approximately 6.2%.
- Prime city-centre rents increased to €32.00 per sq m per month.
