Brno Office Market: Vacancy Rises Amidst New Developments
In the second half of 2025, Brno's office market experienced significant shifts. Only one new office building, Cerit III – Botanická Living Lab (10,800 m²), was completed during this period. However, the future pipeline remains robust, with over 92,300 m² of office space currently under construction. Major projects like Dornych (27,600 m²) and Ponávka A4 (16,800 m²) are slated for completion between 2026 and 2028, indicating substantial future supply.
Demand Driven by Technology & Pre-Leases
Demand for office space in Brno was predominantly driven by technology companies. The largest transactions were notable pre-leases in upcoming developments, including Ponávka A4 (4,600 m²), Vlněna H (4,200 m²), and Dornych (2,200 m²). This strong pre-lease activity highlights confidence in future projects and provides businesses with opportunities to secure prime locations early.
Rising Vacancy and Stabilized Rents
The city's vacancy rate saw a year-on-year increase of 2.7 percentage points, reaching 14.4%, translating to 103,100 m² of available vacant space. This rise offers more options for businesses seeking immediate occupation. Despite the increased vacancy, prime rents remained stable at €17.00–18.00 per m² per month, though exceptional units might command slightly higher values. Looking ahead, experts anticipate that some planned office projects could be repurposed for residential use, potentially impacting future office supply.
Ostrava Office Market: Stability with Focused Growth
Ostrava's office market presented a contrasting picture in 2025, characterized by limited new construction and market stability. No new office projects were completed during the year. Currently, only one project, Polyfunkční dům Václav (3,000 m²), is under construction, with an expected completion in 2027. The total modern office stock in Ostrava stands at 245,700 m².
Stable Vacancy and Rents
The vacancy rate in Ostrava remained largely stable year-on-year, increasing by a marginal 6 basis points to 11%. This means 26,900 m² of vacant space is available, offering a consistent environment for businesses. Prime rents also held steady at €14.00–14.50 per m² per month, indicating a predictable cost structure for new leases.
Demand from Healthcare and Technology
Demand in Ostrava was primarily fueled by the healthcare and technology sectors. The largest transaction reported was a new lease by a healthcare company in the Nordica building (2,000 m²). This sector-specific demand highlights the types of businesses finding success and expansion opportunities in Ostrava.
Key Takeaways for Your Business
For businesses evaluating office space in these two Czech cities, Brno offers a dynamic market with a significant pipeline of new developments and a rising vacancy rate providing more choice. However, the potential for project repurposing could influence long-term supply. Ostrava, on the other hand, presents a stable market with consistent rental rates and a more limited but focused development pipeline, particularly appealing to healthcare and technology firms. Understanding these regional nuances is crucial for strategic real estate decisions.
Source: kurzy.cz
