| Stock: | Total completed office space (occupied and vacant), newly built since 1990 or refurbished, A and B class offices, owner occupied and for lease and public authorities’ buildings. Buildings with leasable area lower than 1,000 sq m are excluded. |
| New supply: | Completed newly built or refurbished buildings that obtained a use permit in the given period. |
| Take-up: | A gross figure representing the total floor space known to have been let or pre-let, sold or pre-sold to tenants or owner-occupiers over a specified period. It does not include space that is under offer. A property is taken up when the contract is signed. Total take-up includes renegotiations, lease extension and subleases, net take-up excludes these. |
| Vacancy rate: | Ratio of physically vacant space in completed buildings on the total stock. |
| Prime rent: | Achieved rents that relate to new prime, high specification units in prime locations. However, there might by exceptional assets on the market, in which higher rent could be achieved. |
| Sublease: | Space offered for lease by a tenant who is contractually obliged to occupy the premises for longer period than what they need. |
Reclassification of office properties 2020
The members of the Prague Research Forum – CBRE, Colliers International, Cushman & Wakefield, JLL and Knight Frank – have undergone a reclassification process of all properties, which are currently included in Prague’s office stock to better reflect modern trends in property and development.
Minimum requirements
The minimum requirements for inclusion into modern office stock of either Class A or Class B have remained unchanged and include:
- The building was built or refurbished after 1990
- Available units are being advertised in an appropriate way
- The GLA of the building exceeds 1,000 sq m
Major categories
When assessing the property quality, the major categories included are as follows, with brief description:
- Technical specifications – how well is the property built and equipped
- Smart technologies – how efficient the buildings are, what smart technologies do they use and what extras to “standard” property equipment do they offer
- Location – accessibility, services and amenities in a proximity of the property
- Service and security – how safe the building is and how is it managed
- Parking – parking ratios, with different requirements for properties in the city centre, inner city and outer city
- Age of building – building completion or the latest refurbishment date
- Subjective evaluation – subjective assessment by Prague Research Forum members
Criteria
Each of the criteria has subcategories, which enable scoring of the properties, resulting in final score of the property. Maximum weight of each category is as follows:
| Category | Share in total |
|---|---|
| Technical Specification | 41% |
| Smart Technologies | 18% |
| Location | 9% |
| Service & Security | 9% |
| Age of Building | 8% |
| Parking | 8% |
| Subjective Evaluation | 7% |