Prague has been identified as one of the European cities with the highest expected growth in the office real estate segment. This was reported by Property Forum, citing research by Colliers. For the Czech market, this is a significant signal, as it reflects a structural shift in the office sector driven by limited new supply and changing demand from companies.

📊 According to Colliers, the flexible office market across the EMEA region has grown more than fourfold between 2010 and 2024. Total supply has reached 8.33 million square meters, while the number of operating locations has increased to 4,358. Among the cities expected to see the strongest future growth are London, Prague, Amsterdam, and Berlin.

🏢 The acceleration in Prague is largely driven by a shortage of new office supply. Colliers reports that only 26,600 square meters of new office space were delivered in 2025 across five projects, marking the lowest annual completion volume on record.

Another key factor is low vacancy. As of Q1 2025, the office vacancy rate in Prague stood at 7.0%, which Colliers identified as the lowest among Central and Eastern European capitals.

💼 In a market with limited new development, this creates pressure on available space and shifts demand toward more flexible and readily available office solutions. For companies, this means faster occupancy without long search cycles, fit-out delays, or high upfront investment.

📍 As a result, the shortage of new supply is already reshaping not only rental dynamics and vacancy levels, but also the overall structure of demand. It is also increasing the investment attractiveness of well-located assets, where space can be repositioned or adapted to more flexible formats.

🔍 You can explore commercial and residential real estate opportunities in the Czech Republic tailored to your needs on our website.