Czech fit-out costs are the second-highest in CEE

The possible office in the future will be a flexible and hybrid model. Therefore, many companies are relocating, changing size and trying to re-fitting their office. This could be one of the reasons why Prague placed second in the CEE region in terms of the price of fitting out an office. Nevertheless, the key reasons are the tightening supply chain and challenges around labour, which are set to continue well in 2022 and beyond. The average costs per sqm in Prague are currently € 1,037, which is half of what it is in top German cities or in the UK where the median cost exceeded €2,000, Cushman & Wakefield presents in their report.



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