Nové Město is a trophy-tier Class A submarket of Prague with average asking rent around €360/sqm/yr · ≈ $36.1 PSF/yr USD.
Heritage CBD trophy core. · Tier: trophy · Avg rent: €360/sqm/yr · ≈ $36.1 PSF/yr USD
Nové Město anchors Prague's heritage Class A core — Florentinum, Quadrio, and a deep banking, law firm, and shared-services tenancy.
Banking (ČSOB, KB), law firms, shared services, government.
15–40,000 sqft floor plates available across newer Class A stock; 9'+ slab-to-slab and modern MEP common.
Metro A/B/C (Florenc, Můstek, Náměstí Republiky), tram.
Multi-modal transit captures the metro's principal professional catchment.
Wenceslas Square, Náměstí Republiky, Republic Square.
Nové Město is one of 5 Class A submarkets we cover in Prague, classified as trophy tier with an average asking rent around €360/sqm/yr · ≈ $36.1 PSF/yr USD. Compared with the broader Prague Class A stock, Nové Město typically attracts Banking (ČSOB, KB), law firms, shared services, government and competes most directly with the city's other trophy submarkets on building specification, transit access, and amenitisation.
Adjacent submarkets to study alongside Nové Město: Karlín, Smíchov, Pankrác, Chodov / Michle. The full Prague submarket atlas is at /cities/prague.
For an institutional Class A occupier evaluating Nové Město, the highest-leverage analyses to commission next are the rent benchmark, the concession-package comparable, and the ESG performance baseline. Class A Atlas covers each as a dedicated topic page for this submarket:
Terminology specific to Prague Class A leasing and to the trophy tier: Class A, Trophy asset, Effective rent, Concession package, TI allowance, Submarket tier.
Reviewed by Class A Atlas Editorial Desk — House byline · global editorial team. Last updated 2026-04-15. See our methodology and editorial standards.