Costs & leases

What does it cost to rent an office in CEE and the Gulf?

Updated

Office asking rents across the markets 1001square covers range from roughly €14/m²/month in regional CEE cities to €42/m²/month in Luxembourg. The gap is driven by supply, building class and how much international demand a city attracts. Here are the ballpark figures, updated from live listings.

Average office asking rents (2026)

Offices - avg asking rent, €/m²/month

Luxembourg — €42.00

Dubai — €38.00

Brussels — €26.00

Warsaw — €24.50

Prague — €18.50

Kraków / Budapest — €17.50

Bucharest — €16.50

Brno — €14.00

These are asking rents - what landlords advertise before negotiation. Signed rents typically land 5-15% below once rent-free periods and fit-out incentives are factored in. Add service charges of €3-6/m²/month on top.

What drives the differences

  • Supply and vacancy. Tight markets like Luxembourg and Dubai command a premium; cities with new supply coming online are softer.
  • Building class. Prime Class-A space can cost 40-60% more than older Class-B stock in the same city.
  • District. Metro-connected central districts run 20-40% above the city average; suburbs run below it.
  • International demand. Cities that attract finance, tech and shared-service centres see rents pulled up by competition for the best space.

For live, district-level figures across 13 cities, see the 1001square rent-prices dashboard, computed monthly from active listings.

Frequently asked questions