Nové Město (trophy, ~€360/sqm/yr · ≈ $36.1 PSF/yr USD) is one of 5 Prague Class A submarkets we track.

• Nové Město sits at trophy tier.
• Average rent €360/sqm/yr · ≈ $36.1 PSF/yr USD vs city average 312.
• Compared submarkets: Karlín (prime), Smíchov (prime), Pankrác (prime).

TL;DR

• Nové Město sits at trophy tier.
• Average rent €360/sqm/yr · ≈ $36.1 PSF/yr USD vs city average 312.
• Compared submarkets: Karlín (prime), Smíchov (prime), Pankrác (prime).

Side-by-side with peers

**Karlín** (prime, €348/sqm/yr · ≈ $34.9 PSF/yr USD) — Post-2010 mixed-use frontier. **Smíchov** (prime, €312/sqm/yr · ≈ $31.3 PSF/yr USD) — Western Class A and tech corridor. **Pankrác** (prime, €288/sqm/yr · ≈ $28.9 PSF/yr USD) — Southern suburban Class A spine. **Chodov / Michle** (established, €252/sqm/yr · ≈ $25.3 PSF/yr USD) — Suburban business-park corridor.

Key facts

Frequently asked questions

What other submarkets compete with Nové Město in Prague?

Karlín, Smíchov, Pankrác

Related

• Nové Město — submarket overview
• Prague — full city profile
• Prague submarkets — all
• Nové Město — Rents
• Nové Město — Tenants
• Nové Město — Transit
• Nové Město — Amenity

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.

Primary sources for this page

• CBRE Marketview reports — CBRE
• JLL Office Insight — JLL
• Cushman & Wakefield Marketbeat — Cushman & Wakefield
• Savills World Research — Savills
• Colliers Global Office Outlook — Colliers

Full sources index · Submit a correction

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