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Even though the Czech economy exited recession in Q2 and the most recent PMI survey points to improving business sentiment, this has not yet filtered down to an uptick in more activity in the office market. During Q3, austerity and rising unemployment continued to act as a drag on occupational activity which were down in Prague quarter-on-quarter. As a result, and amid the current oversupply in the city centre, prime rents continued to fall in the three months to September.
Source : Cushman & Wakefield
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