Offices

Altogether, over 149,000 m2 of new office space was completed in Prague in 2018. In comparison with the previous year 2017, it was an increase of 10 %. New office space was reduced in the fourth quarter, from 40,600 m2 (delivered in the third quarter of 2018) to 28,400 m2 (completed during fourth quarter).

The vacancy rate of office space in the capital city reached by the end of the year only 5.0 %. Compared to the third quarter, it was a drop of 110 basis points and a decrease of 250 basis points compared to the fourth quarter of 2017. In the last quarter of 2018, the total vacant space was in Prague approximately 178,000 m2, which was 16 % less than in the previous quarter.