The Czech commercial real estate market demonstrated calm and stability in the first quarter of 2026, with total investment volume reaching €431.5 million, according to Colliers. The share of individual asset classes was relatively balanced, and yields on premium properties remained unchanged.
Czech capital dominated the market, accounting for 61% of investment volume, while Western European investors contributed 26% and the Middle East and Africa region covered the remaining 13%. "Czech capital, which traditionally dominates the Czech market, accounted for 61% of investment volume this time around. The remaining share was divided between investors from Western Europe and the Middle East and Africa region," says Josef Stanko, Director of Market Research at Colliers.
Notable transactions in Q1 included the sale of Vienna House Anděl's Prague to the Orea Hotels chain and the transfer of Prague's Novo Plaza shopping center from the Bluehouse Capital portfolio to Dandreet. AFI Europe acquired a planned rental housing project from Finep in Prague 9, representing the Middle Eastern investor presence.
The share of individual asset classes was relatively balanced, with hotels, retail properties, residential projects and offices achieving shares ranging between 21% and 27%. The industrial and logistics sector was only marginally represented, with just a few small transactions involving specific properties.
Premium real estate yields remained stable in Q1 2026, continuing the stability seen in the previous year. The highest quality office properties maintained their yield at 5.25%, premium industrial properties at 5%, top shopping centers at 6% and retail properties on main business streets at 4.50%. Colliers analysts expect investment volume to reach approximately €3.5 billion for 2026, driven primarily by office buildings, especially modern buildings in Prague.
