# Nové Město vs other Prague submarkets

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

**Canonical URL:** https://classa.info/cities/prague/nove-mesto/topics/vs-other-submarkets
**Page type:** nb-topic
**Last updated:** 2026-04-15T00:00:00.000Z
**License:** CC BY 4.0 with attribution to Class A Atlas (https://classa.info).

## 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).

## Key facts
- **city**: Prague
- **submarket**: Nové Město
- **tier**: trophy
- **averageRentLocal**: €360/sqm/yr · ≈ $36.1 PSF/yr USD
- **cityClassARentUsd**: $31/sqft/yr
- **cityVacancyPct**: 7.6%

## FAQ
### What other submarkets compete with Nové Město in Prague?
Karlín, Smíchov, Pankrác

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