News Article Cushman&Wakefield Czech Republic office Prague ready-made report
by Property Forum | Office

There are currently more than 56,000 sqm of office space in Prague available for immediate occupation. These are mainly office spaces that have been vacated by their previous tenants due to relocation to new premises or downsizing because of the transition to a hybrid office model. Companies that want to get up and running quickly in their new offices and make substantial savings on the capital costs required for fit-out have plenty to choose from. This secondary supply is a good complement to the shortage of available office space in new buildings that Prague is currently facing, according to the Cushman & Wakefield report.

"Many companies are reducing the number of work-from-home jobs as they expand and continue to lease unused space until their leases expire. We decided to concentrate this space, often fully furnished, in prime developments and in desirable locations, in one location, saving interested parties time in their search and enabling them to minimize the costs associated with relocation. Our offering now includes around 50,000 sqm of office space that can be moved into almost immediately," says Radka Novak, Head of Office Leasing, CEE Region, Cushman & Wakefield.