Brno Office Market
Within the Czech Republic, the economy of the city of Brno is beyond its structure as it is strongly oriented towards the service sector. Tertiary accounts for more than 70% of the total economy. A very important component of the tertiary sector is, for example, shared service centres and IT companies that need suitable premises for their businesses. Therefore, the Brno office market is developing dynamically. Many new office premises have been built in Brno in recent years, but their capacity is still insufficient for the demand. This is confirmed by the offices vacancy rate, which is declining over time and is at 10 % nowadays. More info below is based on data from Cushman & Wakefield, a member of the Regional Research Forum. This data cannot be obtained from publicly available sources. So far, there was no data on this segment of the economy in Brno and we will primarily use it for spatial planning purposes.