Annual supply in 2014 should reach the highest level since the record year of 2008. The largest supply pipeline in H2 2014 should be completed in Prague 4 and Prague 1.
Given significant supply pipeline, as more than 102,800 sq m should be completed in the second half of the year, the vacancy rate should increase further to 15-16% this year.
Prime headline city centre rents continued dropping to €18.50-19.50 per sq m per month.
Source : DTZ (Groupe UGL)