The Prague Research Forum — comprising CBRE, Colliers, Cushman & Wakefield, iO Partners, Knight Frank and Savills — has published its office market figures for Q2 2026. Total modern office stock reached 3.95 million sqm at the end of the quarter, following the completion of the refurbished Danube House in Prague 8 (19,900 sqm). Total office deliveries for 2026 are expected to amount to 36,700 sqm, with only one further project — 8,200 sqm of refurbished space — scheduled for completion before year-end.
Three centrally located office projects broke ground during Q2 2026: Vinohradská 8 (7,300 sqm) in Prague 2, and Hybe (5,100 sqm) and Palace Hybernia (2,400 sqm) in Prague 1. Total office space under construction now stands at 309,300 sqm, concentrated primarily in Prague 5 (39%) and Prague 4 (36%), with nearly 58% already pre-let. "More than 309,000 sqm of office space is already under construction, of which nearly 58% has secured tenants," said Jana Vlková, Partner and Head of Workplace Advisory & Office Agency at Colliers. "We are also seeing growing activity in the segment of smaller boutique office buildings, which help developers supplement future supply with 'story' projects."
Gross take-up reached 125,400 sqm in Q2, up 21% quarter-on-quarter, though down 24% year-on-year. Prague 4 led demand (35%), followed by Prague 5 (27%) and Prague 8 (18%). Technology companies accounted for 38% of demand, followed by pharmaceutical and healthcare firms at 9%. Renegotiations dominated at 69% of total activity, with new leases and expansions representing 29%. Net take-up stood at 35,800 sqm, down 16% quarter-on-quarter. Among the largest transactions were the renegotiation of Seznam.cz at Palace Křižík (14,000 sqm) in Prague 5, CA CZ at The Park (8,000 sqm) in Prague 4, and Škoda Transportation at Coral Office Park (4,000 sqm) in Prague 5.
The vacancy rate held steady at 5.8% — down 70 basis points year-on-year — with approximately 229,100 sqm of vacant space recorded across Prague. Vacancy was highest in Prague 10 (11.4%) and Prague 3 (11.2%), and lowest in Prague 2 (1.3%) and Prague 1 (3.7%). Net absorption was positive at 17,100 sqm. Vlková noted that "renegotiations continue to dominate, accounting for nearly 70% of all transactions, reflecting companies' efforts to optimise their existing spaces."
Prime rents in the city centre held at €30.00/sqm/month. In inner-city locations, prime rents rose to €21.50–22.50/sqm/month, while outer-city locations saw an increase to €16.00–17.00/sqm/month.
