Despite experiencing the fewest new office completions in a decade in 2025, Prague's commercial real estate market is buzzing with robust demand and a significant development pipeline. Businesses seeking office space in the Czech capital will find a competitive landscape characterized by dropping vacancy rates, a strong focus on sustainability, and rapidly appreciating rental values.
YIT has initiated the fourth phase of its Ranta Barrandov residential project in Prague 5, introducing a new commercial unit specifically designed for small services. This development presents an excellent chance for businesses to secure a presence within a rapidly growing, eco-friendly community, with the project slated for completion in early 2027.
Discover how HSF System's impressive 54% carbon footprint reduction and innovative sustainable practices are shaping the next generation of eco-friendly office and warehouse spaces, offering significant benefits for your business.
A recent international survey highlights a critical challenge in the construction industry: fragmented quality control. For businesses seeking new office or warehouse space, these construction inefficiencies can lead to significant delays, cost overruns, and long-term issues, directly impacting your operational success and bottom line.
Prague's office real estate sector experienced remarkable growth in Q2 2025, with significant increases in construction activity and a historic surge in demand. This thriving market presents exciting opportunities for businesses seeking modern office spaces in the heart of Europe.
Only one office building was completed in Prague in the third quarter. Vacancy increased slightly year-on-year to 8.1% and rents in the city center reached approximately €29.00 per square meter per month. Efforts to modernize some older properties continue in the market, either while they are in operation or by temporarily withdrawing them from the market. It comes from research by Colliers, a leading provider of diversified professional services in commercial real estate and investment management.
from BNP Paribas Real Estate by the end of 2021, almost 40,000 m2 and in the following period over 140,000 m2 of new offices are being prepared by developers in the territory of Prague. The balance is mainly influenced by large and long-term development projects - Port 7 from Skanska in Holešovice or construction in the area of Masaryk's railway station by Penta. Sekyra Group also makes a significant contribution to the offer of new administrative areas with its Smíchov City and Rohanský ostrov projects. Their plans have not yet changed the rising prices of building materials and energy. Nevertheless, construction will reach pre-covid level at the earliest in 2023.
Penta plans to build a new residential development on a brownfield site of almost 32,000 sq. m in Prague Nusle. The total investment should reach CZK 2 billion.
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Natália Falatová
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