C&W Statistics: Prague Office Market Q1 2021

• Completions of several projects were postponed to 2021, however, the lowest volume of new supply since 2016 is expected to be added to the stock this year in Prague.
• Investors in wait-and-see mode
• Office supply growth slowed down; completions planned for 2021 are the lowest since 2016
• Prague 4 remains the largest office market, while Prague 1 dominates in flexible offices
• Only two smaller refurbished projects completed in Q1 2021
• Flexible offices openings slowed down in 2020
• Vacancy rate keeps increasing but still relatively low in the long-term
• Sublease space growth slowing, interest in high quality space increases

Download here Market Beat Q1 2021