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Our experienced research team provides colleagues and clients with a full range of information, research and consultancy services covering all aspects of the commercial property market. The team collates data and market intelligence from internal and external sources to provide insight into real estate trends across the Czech Republic. Read more here...
•In 2016 as a whole, a total of 33,400 sq m of modern office space was added to the market . This represents the lowest annual new supply in the history of the Czech market. Of this space, 66% is already occupied.
•The vacancy rate decreased at the end of 2016 to 10.6%. This was caused by strong demand in partnership with the historically low levels of new supply. We expect the vacancy rate to decrease slightly despite the increase of expected supply for 2017.
•We monitored the strongest annual take-up in history with 305,400 sq m. Total leasing activity was 8% below the record level of 2015. The largest transaction of the year 2016 was the 15,100 sq m signed by Johnson & Johnson.
•Net absorption was 37% lower than in 2015, however remained high, above 110,000 sq m, confirming the strong demand for new space.