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Article: Interfax Czech Republic Business Daily.(Company overview)
- Article from:
- Czech Republic Business Report Daily
- Article date:
- December 12, 2007
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COMPANY NEWS
Prague office vacancy to increase in 2008 with a number of new office projects - Knight Frank
PRAGUE. DECEMBER 12. INTERFAX CENTRAL EUROPE - Prague office vacancy decreased in the third quarter of 2007 to 5.25% but with new office developments in the pipeline and scheduled for delivery to the market next year, office vacancy will soon increase, property consultants Knight Frank said.
"The fact that office vacancy is around 5% in Prague is not because of aggressive demand for office space," said Petr Machula, head of property management at Knight Frank's Prague's office. "[It is because] the number of completed office projects ...