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CEEC Research: Office vacancy in Prague to grow to 18.5%

The office vacancy rate in Prague is expected to grow to 18.5% by the end of 2015 and 18.9% in 2016. As many as nine out of 10 office property owners are thus offering discounts or other benefits due to a significant surplus of supply over demand. This stems from the Q2 2015 Developer Study, processed by CEEC Research and KPMG Czech Republic.