What is the average Class A rent in Prague?

Around 312 EUR/sqft/yr ($340 USD) across the broader Class A index. Trophy submarkets like Nové Město command 20–40% above that.

How many months of rent-free are normal in Prague?

6 months on a 5-year deal is the standard benchmark. Lease-up product or tenants with strong covenant strength can push higher.

Are rents rising or falling in Prague?

The Prague Class A market is currently flat. Vacancy is 7.6%, which sets the negotiating context.

Headline Class A rent in Prague is around 312 EUR/sqft/yr ($340 USD), with 6 months of typical rent-free on a 5-year term.

Headline Class A rent: 312 EUR/sqft/yr ($340 USD).
Trophy submarket rents (Nové Město) push to roughly €360/sqm/yr · ≈ $36.1 PSF/yr USD.
Typical concessions on a 5-year deal: 6 months free rent.
Vacancy stands at 7.6% — market trend is flat.
Use effective rent (face minus PV of concessions), not headline, to compare deals.

Prague Class A office rents and incentives

Headline Class A rent in Prague is around 312 EUR/sqft/yr ($340 USD), with 6 months of typical rent-free on a 5-year term.

TL;DR

Headline Class A rent: 312 EUR/sqft/yr ($340 USD).
Trophy submarket rents (Nové Město) push to roughly €360/sqm/yr · ≈ $36.1 PSF/yr USD.
Typical concessions on a 5-year deal: 6 months free rent.
Vacancy stands at 7.6% — market trend is flat.
Use effective rent (face minus PV of concessions), not headline, to compare deals.

Headline rent vs. effective rent

Asking rents in Prague are quoted in EUR per sqft per year. Across the broad Class A index the figure is 312, but the trophy tier in Nové Město reaches roughly €360/sqm/yr · ≈ $36.1 PSF/yr USD. Always discount headline rent by the present value of free rent and fit-out-capex">tenant improvement allowance to land on effective rent — the only number that compares cleanly across deals.

Rent-free and TI

Standard Prague concessions on a 5-year Class A lease run to 6 months of base-rent abatement. Trophy lease-ups can push rent-free 25–40% above that benchmark. Local cost-of-occupancy is also shaped by tax — Czech corporate tax of 21%. 21% VAT. Combined effective rate near 21%. No significant municipal corporate tax.

Where rents land by submarket

Nové Město sits at the top end (~€360/sqm/yr · ≈ $36.1 PSF/yr USD). Karlín clears around €348/sqm/yr · ≈ $34.9 PSF/yr USD as the prime tier. Chodov / Michle represents the value end at ~€252/sqm/yr · ≈ $25.3 PSF/yr USD. The full submarket map is on the Prague city page.

Key facts

city	Prague
country	Czechia
region	EMEA
classARentLocal	312 EUR/sqft/yr
classARentUsd	$340/sqft/yr
vacancy	7.6%
typicalLeaseYears	5
typicalRentFreeMonths	6
submarkets	5
primeYieldPct	5.4%
trophyRent	€360/sqm/yr · ≈ $36.1 PSF/yr USD
primeRent	€348/sqm/yr · ≈ $34.9 PSF/yr USD

Frequently asked questions

What is the average Class A rent in Prague?: Around 312 EUR/sqft/yr ($340 USD) across the broader Class A index. Trophy submarkets like Nové Město command 20–40% above that.
How many months of rent-free are normal in Prague?: 6 months on a 5-year deal is the standard benchmark. Lease-up product or tenants with strong covenant strength can push higher.
Are rents rising or falling in Prague?: The Prague Class A market is currently flat. Vacancy is 7.6%, which sets the negotiating context.

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