According to the Savills report, Prague can boast the largest increase in the return of employees to offices among European capitals over the last six months. However, even with this increase, physical office occupancy in Prague remains at 57%, placing it fourth in Europe, behind cities such as Madrid (68%), London's West End (61%) and the Central Business District (CBD) in Paris (59%). Yet, it still hasn't reached pre-pandemic levels, when physical office occupancy was around 70%.
Detailed analysis also showed that Tuesday is the busiest day in Prague with 62% office occupancy, while Friday, with an occupancy rate of 45%, is the least utilized day for office work, suggesting that many Prague residents use this day to work from home.
Lenka Pechová, Senior Research Analyst v Savills, pointed out that: "The high occupancy on Tuesday indicates a preference among employees to start the workweek in the office, while the lower figures on Friday reflect a growing trend of flexible working."
"As many employees and companies seek the best possible working environment, it is important to offer office space that supports both productivity and employee satisfaction," says Pavel Novák, Head of Office Agency v Savills and adds:"However, there is still a shortage of quality office buildings in Prague, which could pose a challenge for further occupancy growth."
Savills also points out that the stabilisation of office occupancy at around 60% across Europe suggests that companies and employees are finding a balance between working in the office and working from home, which should be taken into account when planning future work strategies.