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Czech Republic : Office Snapshot - Q2 2013

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Czech Republic : Office Snapshot - Q2 2013

Despite some positive signs from the economy in Q2, the fundamentals of the Czech office market remained largely unchanged amid weak business sentiment. The majority of occupier activity continued to be driven by consolidation which in turn has put further downward pressure on rents. This was particularly evident in the secondary property segment where rents fell between 4% and 6%, However, prime product in some of the non-CBD areas were also affected but with a slimmer fall of less than 2%.

Source : Cushman & Wakefield

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