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Office Market News

Construction companies are facing hacker attacks. Where to start with defense?

The construction industry has become increasingly digital in recent years, bringing new opportunities for more efficient project management and increased productivity. However, this progress comes hand in hand with cybersecurity challenges, as sensitive information such as contracts, financial data or project proposals face the risk of attacks. However, experts at PlanRadar, a leading platform for digital documentation, communication and reporting during construction and property management, point out that there are effective tools and strategies to minimize these risks and ensure data protection.

The first major PSN project in Brno: the brownfield in Plynárenská Street is being transformed into the Brno Jedna project, construction of a multifunctional building starts here

This year, PSN will begin the transformation of the Brno Jedna brownfield site on Plynárenská Street. Over the next few years, it will be transformed into a modern urban district combining housing, work and leisure activities. The first stage of the new construction in the Brno Jedna project is a multifunctional building with two dominants, Neon and Xenon, with 188 residential and accommodation units and five commercial spaces. It was designed by the A8000 architectural studio. The building also includes common facilities such as bicycle sheds and laundries, and community spaces in the form of roof terraces. The developer plans to start construction in the third quarter of this year and expects the completion of this first stage in the fourth quarter of 2027.

CTP expands its Clubco coworking spaces in response to the shortage of modern offices and growing demand for flexibility

The Czech office space market is facing historically low supply, especially in premium locations where new office construction has slowed significantly. One solution to this situation is flexible coworking spaces that offer efficient and modern working environments. Developer CTP, a leader in sustainable industrial and office parks, is responding to these needs through its network of Clubco coworking centers. Since its inception in 2021, Clubco has grown to almost 7,000 m² and plans a further expansion of more than 4,000 m² in 2025, including its first entry into the Slovak market.

Dunaj Palace triumphed in ThePrime Awards in the Best Office Project of the Year category

Dunaj Palace on Prague's Národní třída has won another prestigious award, winning the "Best Office Project" category at the prestigious ThePrime Awards competition. The striking building, located within the Prague UNESCO World Heritage Site, underwent a renovation led by Zeitgeist Asset Management. The award underscores the successful combination of the palace's original constructivist architecture with the latest technologies and high standards of contemporary office space.

Sustainability is shaping the office markets in Central and Eastern Europe

Cities with a high proportion of modern, green-certified office properties are more attractive to investors and attract premium rents. The growing focus of companies on sustainability and ESG is thus shaping the office market to a large extent. The highest number of certified buildings can be found in Warsaw and Bucharest, while the lowest number are in Tirana, Sofia and Athens. Prague is the most active in modernisation efforts. Modernisation of older buildings offers opportunities to reduce emissions and increase rents. This is according to Colliers’ report “CEE Office Markets on the Green Path – Decarbonisation Potential”, which examines office markets in 11 cities in Central and Eastern Europe1.

Q4 2024: A challenging year ended with promising results, but problems persist

Prague Research Forum announces Prague office market data for Q4 2024 and 2024: · Quarter-on-quarter vacancy rate decline in Q4 was largest since 2018 · One office project completed · Record annual realized demand of over six hundred thousand square meters · Increase in prime rents in the city center and growth in rents across the city · No new office construction started in the past six months

Republic Square will be revitalized with a center of flexible offices and coworking

Prochazka & Partners, a leading commercial real estate consultancy, has taken care of another significant expansion of the largest Czech provider of private flexible offices and coworking, Scott.Weber Workspace, within the capital city of Prague.

ČMN has completed its largest real estate portfolio acquisition valued at several billion CZK

The investment group Českomoravská Nemovitostní (ČMN), the third-largest office space landlord on the Czech market, together with the NEMO fund, has completed the acquisition of a portfolio from the NOVA Real Estate property fund valued at approximately 5 billion CZK. The transaction includes 5 office buildings with a total rentable area exceeding 37,000 m² and 11 retail parks covering an area of 72,000 m². With this acquisition, the ČMN group will expand its business into the retail segment.

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