Office fit-out costs in Prague continue to maintain a competitive level across Europe and the Central and Eastern Europe (CEE) region in 2026. This is according to the latest EMEA Fit Out Cost Guide 2026 published by global real estate consultancy Cushman & Wakefield, which tracks cost developments in more than 50 cities across the EMEA region.
In Prague, average office fit-out costs for the most commonly delivered mid-range specification increased by 2.5% year-on-year to EUR 1,266 per sq m, representing a slower pace of growth compared with the European average which stands at 3,8%. According to the Fit Out Cost Guide 2026, costs fall within the following range:
• EUR 805 per sq m for basic specification,
• EUR 1,266 per sq m for mid-range specification (the most frequently delivered),
• EUR 1,999 per sq m for high-quality, technology-driven and ESG-advanced solutions.
Compared with Western European capitals, Prague remains significantly more cost-effective. For example, mid-range office fit-out costs in Germany typically exceed EUR 2,300 per sq m, while in London they are even higher. Nevertheless, according to Cushman & Wakefield’s survey, more than three-quarters of contractors across the CEE region expect further cost increases, primarily driven by rising labour costs.
CEE region grows faster, Prague remains balanced
While some Central and Eastern European markets are currently experiencing stronger upward pressure on costs, Prague continues to demonstrate a relatively balanced and predictable cost trajectory, despite broader regional cost pressures. Higher economic activity and wage growth across the region are pushing costs upwards, with labour remaining the main source of price inflation.
Within the CEE region, Prague continues to rank among the most cost competitive office fit out markets. In contrast, Slovakia recorded a significantly stronger increase in fit out costs than the Czech Republic over the past year. Between 2024 and 2025, costs in Slovakia rose by an estimated 8–12%, driven primarily by rapidly increasing labour costs, changes to the tax and social contribution system effective from January 2025, and higher indirect costs related to operating expenses and risk allowances. As a result, Bratislava has moved above Prague in the current cost comparison.
Across Europe, “all-in” fit-out costs increased by an average of 3.8% year-on-year in 2025, with most contractors anticipating moderate rather than sharp growth in the period ahead.
Glyn Evans, Head of PDS CEE & Nordics, Cushman & Wakefield, commented: “Prague has consistently maintained a strong position among European office markets. Although we are seeing greater cost dynamics across the CEE region, the local market remains competitive and predictable. This is positive news for clients — particularly those who plan their projects well in advance.”
Tab 1: Fit Out Cost (EUR/sq m)
Zdroj: Cushman & Wakefield
Quality prevails over quantity
Across Europe, a continuing trend is evident: companies are increasingly prioritising high-quality buildings and well-designed interiors that support hybrid working, productivity and employee wellbeing, while also delivering energy efficiency and ESG objectives. As a result, even though overall volumes of new office development are declining, investment in high-quality fit-outs remains a priority.
Radka Novak, Head of Office Agency Leasing, CEE, Cushman & Wakefield: “Fit-out costs remain the key deciding factor when tenants consider whether to relocate. Developers and landlords are generally aware of this, which is reflected in higher levels of fit-out contributions and even turnkey fit-out solutions. The investments in space re-fits and upgrades during lease renewals increase massively. This represents a positive market trend, as it leads to significant improvement of building interiors within the older office stock that is currently compensating for the lack of new office supply in Prague.”
For companies planning relocation, lease renegotiation or refurbishment of existing offices in the Czech Republic, the current market environment offers several key insights. Prague remains an attractive destination for both domestic and international occupiers seeking high-quality office space at reasonable costs by European standards. While prices remain relatively stable, pressure on wages and contractor capacity suggests a gradual upward trend in the coming years.
More than ever, detailed planning and robust budget management are essential, particularly as the cost gap between basic and high-specification fit-outs continues to widen. Companies investing in flexible and sustainable solutions can benefit in the long term from lower operating costs and increased attractiveness to employees.
