Thursday, 6 August 2026
The Regional Research Forum (RRF) has published its office market review for the first half of 2026, showing that Brno continued to attract occupier demand while maintaining a strong development pipeline. Although vacancy remains above Prague levels, leasing activity and new projects indicate continued confidence in the Czech Republic’s second-largest office market.
Brno’s modern office stock reached 717,450 sqm by the end of June 2026 following the completion of Svatopetrská D, which added 1,750 sqm of office space during the first quarter. Construction also commenced on the BRIXX Brno project, contributing to a development pipeline of more than 87,500 sqm across nine projects currently under construction.
The largest developments underway include Dornych with 27,600 sqm, Ponávka A4 offering 12,310 sqm, and Nová Zbrojovka – D4 with 10,460 sqm, reflecting continued investment in the city’s office sector despite a cautious market environment.
Occupier demand remained broadly diversified during the first half of the year. Manufacturing companies generated the highest share of leasing activity, underlining the sector’s continued importance to the regional economy, while technology firms remained another key source of demand alongside financial services companies.
Among the largest leasing transactions were Siemens’ lease renewal for 1,990 sqm at Ponávka A3, Bilfinger’s new 1,780 sqm lease at Spielberk IQ C, D, E and F, and JAMF’s lease of 1,630 sqm at Titanium X (Skylight X).
Brno recorded 90,750 sqm of immediately available office space at the end of the second quarter, resulting in a vacancy rate of 12.65%. While this represented an increase of 0.6 percentage points compared with the same period last year, vacancy declined by 1.7 percentage points from the end of 2025, indicating improving market absorption.
Prime office rents increased modestly during the first six months of the year to €17.50–18.50 per sqm per month, with premium office space in the city’s most sought-after locations achieving higher rental levels.
Ostrava Market Remains Stable Despite Limited Development
Ostrava’s office market continued to experience limited new development during the first half of 2026. No new office buildings were completed, while Polyfunkční dům Václav, providing 3,020 sqm, remained the only project under construction and is expected to be completed in 2027.
As a result, Ostrava’s modern office stock remained unchanged at 245,700 sqm.
Leasing activity reflected the smaller scale of the local market, with consulting firms and companies from the advertising and media sectors generating the strongest demand. The largest transactions included Renomia’s lease of 1,050 sqm at Organica and a 1,030 sqm lease by a public sector organisation at The Orchard Ostrava – Building 1.
Vacancy in Ostrava increased to 11.4%, equivalent to approximately 28,090 sqm of available office space. This represents a rise of 1.1 percentage points compared with the first half of 2025 and 0.5 percentage points since the end of last year.
Despite the increase in available space, prime rents remained stable at €14.00–14.50 per sqm per month, supported by the limited supply of new office developments.
Simon Orr, Head of Office Sector at CBRE, said both Brno and Ostrava continue to benefit from a stable occupier base comprising domestic and international companies, complemented by growing demand for flexible office space. He noted that although vacancy remains higher than in Prague, both regional cities continue to offer attractive opportunities for companies seeking to expand or modernise their workplaces as office attendance continues to recover.
According to the Regional Research Forum, Brno remains the country’s most active regional office market, supported by a substantial pipeline of new developments, while Ostrava continues to be characterised by constrained new supply, relatively stable rents and a more selective occupier market.
