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Prague office : highest construction activity since 2009 - Q2 2013

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A research produced by DTZ

Prague Office : Highest construction activity since 2009 - Q2 2013

The office supply pipeline under construction is the highest since the crisis outbreak in 2008/2009. Equity rich developers increasingly opt for speculative development even in locations with highest vacancy rates such as Prague 6 and Prague 7.

The occupational activity in Q2 was dominated by large renegotiations, accounting for more than half of all the signed leases in Q2.

The vacancy rate is forecast to increase towards year end with the completion of planned projects. The vacancy rate could exceed again 13%.

Source : DTZ (Groupe UGL)

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Keywords : DTZ