About the Regional Research Forum
The members of the Regional Research Forum (CBRE, Colliers, Cushman & Wakefield, iO Partners, Knight Frank and Savills) aim to provide clients with consistent, accurate, and transparent data about the regional office markets in the Czech Republic. The members share non-sensitive information and believe that the Regional Research Forum will contribute to the improvement
of transparency on the Czech regional office markets.
Brno
- One office building was completed in the first half of 2025, Titanium X (10,900 sq m)
- More than 103,100 sq m of office space is under construction
- The energy sector dominated the demand in H1 2025
- The vacancy rate increased in annual comparison to 12.7%, however, compared to the end of last year, it dropped by 0.6 percentage points
- Prime headline rents grew slightly to €17-18 per sq m per month
Commentary:
“A significant factor driving demand for office space in Brno is the wide availability of qualified professionals, due to the high number of students and graduates in technical fields from local universities. The market also benefits from the intensive development of modern office buildings that meet companies’ high standards for technical quality, ESG criteria, and attractive locations in easily accessible central areas of the city with good amenities. Notably, although the total supply of office space in Brno is approximately 5.6 times smaller than in Prague, the amount of space currently under construction has already reached half the level of Prague. This trend highlights the dynamic nature of the Brno market. In contrast, new office development in Ostrava is limited, which has also contributed to a slight year-on-year decrease in vacancy,” says Jan Babka, Head of Office Leasing at Knight Frank.
Brno Office Supply/Stock
The total modern office stock in Brno amounted to 704,900 sq m in H1 2025. Class A buildings accounted for 73% of the total stock, while the remaining 27% consisted of Class B offices.
One building was completed in Brno in the first half of this year, Titanium Skylight X (10,900 sq m) by the developer JRA Estate. In H1 2025, construction works were launched on the following projects: Dornych (27,600 sq m), two buildings in CTPark Brno – A 3.2 EF (8,700 sq m) and G2 (7,400 sq m).
Currently, ten projects are under construction with a total modern office space of 103,100 sq m. Major projects include a part from the aforementioned Dornych (27,600 sq m), also Ponávka A4 (16,800 sq m) and Cerit III (10,800 sq m).
Cerit III (10,800 sq m) is also the only project to be completed in the second half of this year, bringing the annual new supply to 21,700 sq m in 2025. Next year, almost 52,000 sq m should be delivered to the market.
Brno major office transactions
The largest transaction in the first half of 2025 was a pre-lease by a company from the energy sector in the Nová Zbrojovka D4 project (10,600 sq m), followed by a pre-lease by Sudop Real (3,300 sq m) in the Landmark project, and a new lease by Abugo in the Campus Science Park DE building (1,900 sq m).
The energy sector accounted for the largest share of total demand in the first half of the year, followed by companies from the IT and construction sector. In addition to new leases and expansions, pre-leases also represented a significant portion of the total occupational activity in the first half of the year.
Vacancy
At the end of the first half of 2025, a total of 89,500 sq m of vacant modern office space was recorded in Brno. The vacancy rate increased year-on-year by 1.1 percentage points to 12.7%. However, compared to the end of last year, this represented a decrease of 0.6 percentage points.
Rents
Prime headline rents in Brno increased in the first half of 2025, ranging between €17.00 and 18.00 per sq m per month.
Ostrava
- New construction remains limited in Ostrava, no new office project was completed in H1 2025, construction started on the Václav multifunctional building
- The office vacancy rate in Ostrava decreased by 1.1 percentage points year-on-year to 10.7%
- Prime headline rents remained stable
Ostrava Office Supply/Stock
The total modern office stock in Ostrava at the end of H1 2025 amounted to 245,700 sq m. No new office buildings were completed in H1 2025. The only project under construction in Ostrava is the Václav multifunctional building (3,000 sq m) to be completed in 2027.
Ostrava’s major office transactions
The new lease by Satum Czech in the IQ Ostrava building (1,900 sq m) was the most significant deal recorded in H1 2025. In addition to the financial sector, technology companies were also strongly represented in the take-up.
Vacancy
At the end of the first half of 2025, 26,400 sq m of vacant office space was recorded in Ostrava. The vacancy rate decreased by 1.1 percentage points to 10.7% in annual comparison. Compared to the end of 2024, it dropped by 0.8 percentage points.
Rents
In H1 2025, prime headline rents on the Ostrava office market remained unchanged at €14.00 – 14.50 sq m/month.