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Property prices have surged recently, mainly due to limited real estate supply amid high demand supported by a large monetary base. This has driven up rental prices, especially in major cities compared to their peripheries. This manuscript examines rental prices in Prague, Brno, Ostrava, Pilsen, and České Budějovice from March to October 2023. It uses distribution functions, correlation coefficients, contour heat maps, and parameterized regression to define a probability price interval for office properties, identify a positive correlation between area and rental prices, and develop an algorithm for setting appropriate rental prices. The findings are useful for practitioners, real estate agents, and government institutions, though they are closely linked to macroeconomic variables. Future potential options are discussed.
BRŮHA et al. (Sun,) studied this question.
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