The vicinity of the Prague metro stations is an ideal location for the construction of new offices. It ensures excellent transport accessibility and offers a wide range of services and civic amenities. "These are aspects that people often consider when deciding whether to accept a job offer. They don't want to spend a lot of time on their way to work, so it is important that the offices are no more than a 10-minute walk from the metro station," comments Jana Vlková, director of the Workplace Advisory and Office Agency department at Colliers.
Petřiny is the cheapest location
The price map clearly shows the prices of usual office space rents in the city. It is therefore a very simple tool for comparing the financial conditions of offices between locations. The map shows that the most expensive offices are currently located near the Muzeum and Náměstí Republiky stations (26.50 to 27.00 EUR per m2 per month), the cheapest around Petřiny stations (10.50 EUR per m2 per month) and Náměstí Míru and Radlická (12 EUR per m2 per month), where for a long time there was no new development that would push rents higher. So the most important thing is not the distance from the city center, but the quality and amenities of the given location.
New potential around Metro D
Since the development of offices in Prague is primarily aimed at metro stations, new interesting projects can soon be expected in the vicinity of the new ten stations of the metro line D, which are currently under construction. Within a few years, not only more than 6,000 new apartments will be built here, but also tens of thousands of square meters of modern offices. "Although the first set of subways is not expected to run on the new line until 2029, there are already plans for office buildings around some of the future stations. One of the largest office locations should be Nové Dvory station. However, we expect that prices in these locations will have to respect the level in established office markets. But market pressure for added value in the form of innovative and sustainable buildings with diverse civic amenities will push rents up everywhere, depending on how the costs of financing, construction and materials develop," comments Josef Stanko, senior analyst at Colliers. According to him, good potential from the point of view of available locations near metro stations is not only offered by the planned line D, but also by a number of existing stations, such as Hradčanská, Opatov, Želivského or Pražské povstání, in the form of reconstruction of existing buildings.