A guide to serviced offices and office space for rent in Prague or Praha, as well as general information that may be useful if you are thinking of renting office space in Prague.
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History & Culture
The capital of the Czech Republic, also known as Czechia, is one of Europe’s best-known and most respected cities, also known as the ‘City of a Hundred Spires’ and ‘The Golden City’.
As both a tourist magnet and a dynamic city of business and innovation, Prague is arguably Eastern Europe’s most important metropolis. The city was founded around 200 BC but became truly important when Prague Castle was built in the 9th century. Prague eventually became the seat of the kings of Bohemia, and a thriving merchant community grew up in the city. Traders from across Europe regularly visited Prague as it became a commercial hub. However, during the reign of Charles IV of the Luxembourg dynasty, the city came into its own. He built the Charles Bridge across the Vltava River, now one of Europe’s most famous and historic bridges, and founded Charles University, which still exists. Charles also ordered the building of the New Town, next to the Old Town, and many of Prague’s most famous Gothic buildings were constructed under Charles’ reign. Prague was eventually placed under the auspices of the House of Habsburg and was occupied many times during the 30 Years’ War.
In 1689, a fire destroyed most of the city, but it was rebuilt and expanded. In the 18th century and beyond, the city continued to grow, along with its reputation as a centre of commerce. The Industrial Revolution also boosted the city, as it was located near coal and ironworks. Prague was occupied by the German army in WWII and was then subsequently bombed by the USAAF, causing the destruction of factories and some landmarks, though not all landmarks.
The Velvet Revolution
For many years during the Cold War, Prague fell under Soviet Control until the so-called Velvet Revolution, a non-violent uprising that swept the Communist government out of power and of which Prague residents are very proud. In November of 1989, a peaceful student was harshly suppressed by the riot police, which caused a series of demonstrations across the city for the next month. At its peak, half a million people demonstrated in Prague’s streets. Eventually, the Communist government announced it would step down. In June 1990, the country held its first democratic elections since 1946.
Tourism
Today Prague is one of the most popular tourist destinations in Europe. It was Europe’s tenth most visited city in 2025, with 7.5 million visitors, and has benefited greatly from the rise of budget airlines. Because Prague was not the target of an extensive bombing campaign during WWII, many of its old buildings and historical sites remain. Today the city features an array of buildings and architectural styles, from Art Nouveau to Baroque, Renaissance, Cubist, Gothic and Neoclassical. Prague Castle, along with St. Vitus Cathedral, is one of the city’s most popular tourist destinations, as are the Old Town and Prague’s famous Astronomical Clock. The Old New Synagogue, dating from 1270, and Josefov, the Old Jewish Quarter, are also popular places for tourists to visit. Among all the old buildings and cultural sites, many visitors might forget to visit the Prague Zoo, which would be a mistake, as it consistently ranks among the best in the world. Prague also has a range of excellent museums, galleries, and concert halls.
Economy
Prague accounts for nearly 30 per cent of Czechia’s total GDP, which reached approximately CZK 8,556 billion (or $391.03 billion or €349.82 billion) nationwide in 2025.
By December 2025, nearly 935,000 foreign nationals were working in Czechia, an 11 per cent year-on-year increase that accounted for roughly 22 per cent of all employees nationwide. Many of them worked in Prague.
Since the Velvet Revolution, Prague’s economy has shifted from industry to services. The city has a large financial services sector as well as commercial services and public administration.
Many international companies have chosen Prague as their European headquarters.
Siemens has a research facility in Prague, as does Oracle. The world-famous Czech Institute of Physics is also based in Prague. Other companies with significant presence in Prague include Accenture, Barclays, PwC, Red Hat, SAP, and Swiss Re.
Transport
Most residents get around Prague by Metro, tram, or bus. An integrated ticket system covers all modes of transport, and Prague’s Tram network is one of the largest in the world. Multiple taxis operate, and ferries on the Vltava River are also part of the integrated transport network, with regular fares and schedules. Prague serves as the hub of the Czech railway system, connecting the rest of the country and Europe. The Esko Prague is a different light commuter train which services the city and its outskirts.
Václav Havel Airport Prague, formerly Prague Ruzyně International Airport, is one of the busiest in Central Europe and handled a total of 17,750,528 passengers in 2025
Office Space to Rent in Prague
Prague’s office market comprises the following districts or submarkets:
• Prague 1 & Nové Město (Old Town / New Town) – This is a central and prestigious district, close to public sector offices and financial institutions.
• Karlín (Prague 8) – This is a thriving technology and creative hub with modern developments such as the LEED Platinum Nile House and the mixed-use River Garden scheme. Flex space provider Regus offers flexible space at River Garden.
• Pankrác / Michle (Prague 4) – This is a high-rise business district featuring towers like the third-tallest building in the Czech Republic, Empiria, and Parkview. Regus and Spaces also offer space at Parkview.
• Smíchov (Prague 5) – This is a popular district with good transport links and several mixed-use commercial schemes.
In 2013, a survey showed that office vacancy in Prague stood at approximately 12 per cent in the first quarter of 2011. The financial crisis and lack of new developments in the city kept rents fairly stable. But demand was rising again, and with it has come an increase in speculative development. In 2013 there was 105,000 square metres of new office space due for completion, and demand from pharmaceutical companies and the IT and financial services sectors had been climbing.
In 2013, the city had about 2.71 million square metres of office stock, of which 30 per cent was modern A-class offices and 70 per cent B-class, mainly refurbishments. Rents in central Prague averaged €21 per square metre per month.
Prague’s total modern office stock reached 3.95 million square metres by the end of Q2 2026, up 29,400 square metres over the first half of 2026.
Office leasing activity reached 229,000 square metres in H1 2026, representing a 9 per cent year-on-year decline and an 11 per cent decrease compared with the five-year H1 average.
As was common in most cities worldwide facing constrained supply due to macroeconomic pressures on developers, renewals made up much of the market’s gross take-up.
In fact, lease renewals in Prague accounted for 64 per cent of gross take-up, the highest share ever recorded in the market’s H1 statistics.
The IT & Technology sector was the most active, accounting for 35 per cent of net take-up in H1 2026; geographically, Prague 8 attracted the largest share (29 per cent), followed by Prague 4 (25 per cent).
The overall vacancy rate in Prague stood at 5.80 per cent at the end of Q2 2026, down from 6.50 per cent a year earlier.
Headline rents for prime office buildings in Prague’s city centre remained unchanged during Q2 2026 at €30.00 €32.00 per square metre per month.
Prague’s flex space market continues to grow, with office providers and workspace operators including MyHive, Regus, Scott.Weber Workspace, WeWork, Worklounge and Zenwork offering agile alternatives to leased office space in the form of serviced private offices, managed and fitted offices and coworking spaces.
These are available on flexible short-term contracts and with all-inclusive rents, so they cover overheads such as cleaning and utilities.
Our office space search, advisory and acquisition services are FREE, always. Our Prague office space brokers and agents are globally regulated by the Royal Institution of Chartered Surveyors (RICS), ensuring the highest standards of commercial property advice and service at all times.
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