Prague’s office market ended 2025 with very limited new supply, solid demand and vacancy pushed to one of the lowest levels in years. Even though quarterly leasing softened, the full-year result stayed above the five-year average, and construction activity finally picked up with most projects already pre-leased. Prime rents remained stable.
- Total modern office stock reached 3.9 million sq m at the end of the year. Only 26,600 sq m were completed in 2025, the lowest annual volume on record.
- At the end of 2025, there were 13 projects under construction with a total office area of 263,600 sq m, of which 63% was already pre-leased
- The vacancy rate fell to 5.9%, a decrease of 52 basis points quarter on quarter, leaving approximately 230,000 sq m of available space at the end of 2025.
- Gross take-up amounted to 143,400 sq m in Q4 2025, including 60,900 sq m of new leases and expansions. Total leasing activity for 2025 stood at 573,200 sq m, representing a 10% decline from the record level achieved in 2024.
- Prime rents were stable in Q4 2025, with all prime submarkets maintaining the same rental levels as in previous quarters.
