PRF: In 2Q developers completed 88,000 m2 of office space in Prague

Published: 31.07.2020 Related countries:  U.S.A. U.S.A.

PRF: In 2Q developers completed 88,000 m2 of office space in Prague

In 2Q 2020 developers in Prague completed 88,000 m2 of administrative space, increasing the total office space to 3.71m m2. The data is based on a Prague Research Forum (PRF) survey of companies CBRE, Colliers International, Cushman & Wakefield, JLL and Knight Frank. Total gross realized demand (incl. renegotiations and sublets) totaled 79,000 m2, which represents a q/q increase of 14 % and a y/y drop of 21 %. The share of unoccupied space accounted for 6.1 % of the total offer, up 0.8 pp q/q. Available office space totaled 225,900 m2. Prague remains a popular business destination for many international companies as well as local firms.

Source: www.cianews.cz

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