
Some 75% of modern office stock in Prague is located within a 10-minute walk from a metro station, making the underground network a crucial feature of successful office projects in the Czech capital, according to Prague Office Metro Map, the latest research from Colliers International.
Given the expanding Prague Metro is one of the key elements of the city’s extensive integrated public transportation network, Colliers decided to map some key office data by looking at stock, office rents and vacancy within walking distance from the metro stations. The report shows that 55% of modern office stock is located within a 5-minute walk from a station, a further 20% is located in a 10-minute radius, a further 13% is located within a 10 to 15-minute radius, and another 12% is located beyond that.
This trend of locating modern office developments around these key transportation nodes is set to continue. According to Colliers research, approximately 343,000 square metres of office space is currently under construction in Prague, with a planned delivery time of 2017-2019, and almost all of this new stock, 97%, is being constructed within a 10-minute walk of a metro station.
Colliers identifies four major office hubs in the city:
- City Centre Prague 1, with offices mainly between or around Můstek and Náměstí Republiky metro stations;
- Inner City Prague 4, with offices concentrated around Pankrác and Budějovická metro stations;
- Inner City Prague 8, with stock situated close to Křižíkova or Florenc metro stations;
- Inner City Prague 5, with offices located in close proximity of Anděl metro station.
Line B has the greatest amount of office stock around metro stations with 1.071 million square metres, followed by Line C with 713,000 square metres, and Line A with 235,000 square metres.