# Prague Class A Office Market

> Prague Class A office rents around €312/sqm/yr · ≈ $31.3 PSF/yr USD, with 7.6% vacancy and 6 months of typical rent-free on a 5-year term.

**Canonical URL:** https://classa.info/cities/prague
**Page type:** city
**Last updated:** 2026-04-15T00:00:00.000Z
**License:** CC BY 4.0 with attribution to Class A Atlas (https://classa.info).

## TL;DR
- Anchor BPO, IT, and shared-services tenancy — IBM, Accenture, DHL, Société Générale, ExxonMobil.
- Karlín and Nové Město define the post-2010 trophy tier.
- 30-40% rent discount to Western European peer markets.
- Class A vacancy near 8% — tight for a CEE shared-services hub.

## Key facts
- **city**: Prague
- **country**: Czechia
- **region**: EMEA
- **classARentLocal**: €312/sqm/yr · ≈ $31.3 PSF/yr USD
- **classARentUsd**: $31.304638653276232/sqft/yr
- **vacancyPct**: 7.6%
- **typicalLeaseYears**: 5
- **typicalRentFreeMonths**: 6
- **submarkets**: 5
- **corporateTaxPct**: 21%
- **talentIndex**: 78

## FAQ
### What is the role of shared services in Prague?
Material. IBM, Accenture, DHL, ExxonMobil, Société Générale, Honeywell, and a deep cluster of BPO, IT, and finance shared-services centres anchor 30%+ of Prague's Class A absorption.

### How does Prague compare to Warsaw or Budapest?
Prague's Class A market is more mature than Bucharest or Sofia and broadly comparable to Warsaw on rent and vacancy. Discount to Vienna or Munich is material (~40-50%).

### Are concessions available?
Yes. Rent-free of 4-8 months on a 5-year deal is standard, with EUR 150-300/sqm TI typical.

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Citation: Source: Class A Atlas (https://classa.info/cities/prague), updated 2026-04-15T00:00:00.000Z.