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Office Market News

Hybrid office transformations

The coronavirus pandemic subsides with the onset of summer, and with it the need to work from home. However, the labor market and the way work is done has undergone a number of changes over the last two years. However, many companies are still looking for new models of office work.

The 24th year of the "Best Of Realty" competition opens for project applications

The "Best of Realty" competition has entered its 24th year, which annually awards projects that represent the achievements and capabilities of architects, builders, designers, developers and, last but not least, real estate agents in selling or renting them. Domestic constructions completed and approved after January 1, 2021 can apply for nominations for awarded titles until September 2, 2022, when the application deadline. The announcement of results and awarding of prizes to the best projects will take place at the gala evening on November 15, 2022, traditionally the Prague Forum Karlín.

UDI Group is heading to Central American Panama

Originally a Czech development company, UDI Group is expanding its activities overseas, in the middle of the American continent. Following the recent first acquisition in Costa Rica, it has now also purchased land in the capital of neighboring Panama.

Demand for offices in Prague has returned to pre-pandemic levels

Colliers, a leading company providing diversified professional services in the field of commercial real estate and investment management, published a survey of the Prague office market for the first quarter of 2022. According to him, there was a further increase in vacancy, which increased across Prague. However, gross realized demand recorded a year-on-year increase of 44%, and thus returned to pre-pandemic levels. The increase in prices throughout the city is still felt especially in construction projects, mainly due to rising costs for materials and construction work.

The new normal in offices: How to handle a hybrid work model? And what are its limits?

– A total of 68% of firms expect people to be returning to more regular work in offices in the mid-year – The majority (70%) of companies are permitting a voluntary return to the offices or only partial attendance – A total of 72% of firms are aiming at a “hybrid workplace” model within internal company guidance – The survey was taken by 466 respondents from 199 global companies of the EMEA region, including the Czech Republic

Do you want perfect acoustics in the office? Follow ISO standard 22955

- Up to 70% of employees in offices are not satisfied with the acoustic conditions in their workplace. Unfortunately, it is precisely these spaces that are a challenge for architects and designers in terms of acoustics. Because it's not an office like an office. Other acoustic conditions prevail in the call center and others, for example, in a bank branch. Fortunately, ISO standard 22955 was created last year, which specifically addresses this issue. It clearly defines acoustic conditions suitable for different office environments according to their use. In addition, it provides clear instructions on how to achieve these acoustic values.

A new standard in offices: How to deal with a hybrid model of work? And where are its limits?

• A total of 68% of companies expect people to return to regular office work in the first half of the year • Most (70%) companies allow voluntary return to offices or only partial attendance • A total of 72% of companies are moving towards a "hybrid workplace" model within internal barriers • 466 respondents from 199 global companies in the EMEA region, including the Czech Republic, took part in the survey

Crestyl completed an extensive DOCK project in Liben, Prague, and the last building was approved

- After fifteen years, the Crestyl Group has completed its extensive DOCK district, which grew up around two blind branches of the Vltava in Liben, Prague. The capital thus gained a new revitalized location, which completed the face of the metropolis. In May, the very last building was approved - the DOCK IN FIVE offices. A year ago, a one-hectare park opened right on the premises, residential buildings were completed and apartments were sold out a year earlier. In the just completed last office building, 70% of the space is currently leased, all other office buildings are fully occupied by tenants. The entire DOCK project includes a total of 120,000 m2 of commercial and residential space. In addition to apartments, offices and the park, the campus also includes restaurants, cafes, shops and services or a yacht club with a marina.
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