PRF Press Release Q1 2024: Despite the decrease in take-up levels, vacancy rates have increased only slightly and prime headline rents continued to grow

There are 71,300 sq m of office space under construction, out of that 82% should be completed this year
In Q1 2024, one office building was completed - Roztyly Plaza in Prague 4
(21,700 sq m), annual new supply could amount to 80,300 sq m, which is significantly below the long-term average
Gross take-up in Q1 2024 reached 108,700 sq m, down by 19% year-on-year
Net take-up totalled 46,000 sq m, representing a 38% decrease to the same period last year
Net absorption remained positive in Q1 at 8,900 sq m
The vacancy rate increased by 30 bps quarter-on-quarter to 7.5%
The prime headline rent has continued increasing to €27.50-28.00/sq m/month

Download the full press release below:

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