The Number of Offices Built This Year is the Highest Since 2014
The number of office schemes built in Prague this year is the highest in the last five years: a total of 17 new buildings providing office space will have opened by the end of the year. The last time the market reached such a high figure was in 2014 – at the time, it was 18 schemes. In the meantime, the number was one-third lower, about 11 buildings on average. Out of the total 17 schemes to be commissioned this year (both completed and slated for completion by the end of the year), six are refurbishment projects and 11 are completely new builds. Again, this is the highest figure in recent years, and again, the last year when there were more new buildings completed was 2014, with 12 schemes. Karlín and Smíchov remain firm favourites The highest number of office schemes – three each – are currently being completed in Prague 5 (ČSOB HQ. II in Radlice, SmichOFF and Green Point near Anděl), Prague 7 (Centrum Stromovka in Letná, Argentinská Office Building and Riveroff Office House in Holešovice) and Prague 8 (DOCK IN THREE in Libeň, Rustonka R3 and Praga Studios in Karlín). With the exception of one project, these are...