---
title: "Prague Class A submarkets"
description: "All 5 Class A submarkets we track in Prague — tier, average rent, and tenant profile."
canonical: https://classa.info/cities/prague/neighborhoods-overview
pageType: city-topic
lastUpdated: 2026-04-15T00:00:00.000Z
license: "CC BY 4.0 with attribution to Class A Atlas (https://classa.info)."
---

> Prague has 5 distinct Class A submarkets we track, anchored by Nové Město at the trophy tier.

## TL;DR

- 5 submarkets covered.
- Trophy tier: Nové Město.
- Prime tier: Karlín, Smíchov, Pankrác.
- Established/emerging tier: Chodov / Michle.

# Prague Class A submarkets

**Prague has 5 distinct [Class A](/glossary/class-a) submarkets we track, anchored by Nové Město at the [trophy tier](/topics/trophy-asset-selection).**

## TL;DR

- 5 submarkets covered.
- Trophy tier: Nové Město.
- Prime tier: Karlín, Smíchov, Pankrác.
- Established/emerging tier: Chodov / Michle.

## By tier

**Nové Město** (trophy, ~€360/sqm/yr · ≈ $36.1 PSF/yr USD) — Heritage CBD trophy core.

**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

| city | Prague|
| country | Czechia|
| region | EMEA|
| classARentLocal | €312/sqm/yr · ≈ $31.3 PSF/yr USD|
| classARentUsd | $31/sqft/yr|
| vacancy | 7.6%|
| typicalLeaseYears | 5|
| typicalRentFreeMonths | 6|
| submarkets | 5|
| primeYieldPct | 5.4%|
| trophyCount | 1|
| primeCount | 3|

## Frequently asked questions

****How many Class A submarkets are in Prague?****
: 5, ranging from trophy (Nové Město) down to established and emerging clusters.

## Editorial provenance

Reviewed by [**Class A Atlas Editorial Desk**](/about/authors/class-a-atlas-editorial-desk) — House byline · global editorial team. Last updated 2026-04-15. See our [methodology](/about/methodology) and [editorial standards](/about/editorial-standards).

### Primary sources for this page

- [CBRE Marketview reports](https://www.cbre.com/insights) — CBRE
- [JLL Office Insight](https://www.jll.com/en/trends-and-insights) — JLL
- [Cushman & Wakefield Marketbeat](https://www.cushmanwakefield.com/en/insights) — Cushman & Wakefield
- [Savills World Research](https://www.savills.com/research_articles/) — Savills
- [Colliers Global Office Outlook](https://www.colliers.com/en/research) — Colliers

[Full sources index](/about/sources) · [Submit a correction](/about/corrections)

## Related topics

- [**Trophy Asset Selection**](/topics/trophy-asset-selection) — How to identify and evaluate trophy Class A assets for a flagship requirement.

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