Nové Město is a trophy-tier Prague submarket with average asking rent around €360/sqm/yr · ≈ $36.1 PSF/yr USD.

  • Average asking rent: €360/sqm/yr · ≈ $36.1 PSF/yr USD.
  • Tier: trophy.
  • Citywide Class A rent context: €312/sqm/yr · ≈ $31.3 PSF/yr USD ($31 USD).
  • Citywide vacancy: 7.6% — submarket-level availability is typically tighter at trophy tier.

Nové Město, Prague office rents and availability

Nové Město is a trophy-tier Prague submarket with average asking rent around €360/sqm/yr · ≈ $36.1 PSF/yr USD.

TL;DR

  • Average asking rent: €360/sqm/yr · ≈ $36.1 PSF/yr USD.
  • Tier: trophy.
  • Citywide Class A rent context: €312/sqm/yr · ≈ $31.3 PSF/yr USD ($31 USD).
  • Citywide vacancy: 7.6% — submarket-level availability is typically tighter at trophy tier.

Where rent sits

Nové Město averages around €360/sqm/yr · ≈ $36.1 PSF/yr USD for Class A, against a citywide Class A index of 312. As a trophy submarket, rent runs above the city average and availability is structurally tight.

Availability dynamics

Heritage CBD trophy core. Banking (ČSOB, KB), law firms, shared services, government.

Key facts

cityPrague
submarketNové Město
tiertrophy
averageRentLocal€360/sqm/yr · ≈ $36.1 PSF/yr USD
cityClassARentUsd$31/sqft/yr
cityVacancyPct7.6%

Frequently asked questions

What is the average Class A rent in Nové Město, Prague?
Around €360/sqm/yr · ≈ $36.1 PSF/yr USD. The citywide Class A index sits at €312/sqm/yr · ≈ $31.3 PSF/yr USD.

Related

Editorial provenance

Reviewed by Class A Atlas Editorial Desk — House byline · global editorial team. Last updated 2026-04-15. See our methodology and editorial standards.

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