The pandemic slowed down but didn't slow down developers' plans in the retail segment. One of the reasons is the arrival of new brands on the domestic market. Last year, which was significantly affected in retail by restrictions related to Covid-19, 25 brands were added, mostly in the field of fashion and fashion accessories. In contrast, several other major tenants reported a reduction in areas or even bankruptcy.
Weber-Stephen Products, LLC (Weber), a leader in the production of innovative and high-performance barbecue products, has signed a lease for 1,200 square meters of office space in The Flow Building on Prague's Wenceslas Square. The Flow Building by the developer Flow East is one of the most distinctive buildings in Prague and the demand for space in the building, which is an example of technologically advanced and modern architecture, is high. Furnishing offices for Weber is scheduled for May this year, and the company will move to the new facility by September 2021.
BB Centrum will welcome a new retail tenant in the spring of this year - the company bikero.cz. The number one in the domestic market with cycling and sports equipment will rent retail space of 274 m2 leading to the main Vyskočilova street on the ground floor of the newly renovated office building B. Attractive location on the main road in the heart of BB Centrum and in the catchment area near important arteries, was one of the decisive criteria for bikero in selecting the location for the new unit. The owner of the building is the development company Passerinvest Group.
Whether you are a property owner or a property manager, steady rental income equates to a well-streamlined cash flow. The rent roll data builds the foundation for day-to-day operations in asset and investment management. They also built the foundation for the valuation of the asset. Therefore, accurate and consistent data is crucial to make the right decisions.
The year 2021 brings new work trends, which, together with the potential relaxation of measures, will soon be reflected in the form of leases and the use of office space. According to experts from Business Link, the offices will become primarily a meeting place for collaborative work and the emphasis will be on new contactless technologies. Companies will continue to look for new flexible solutions for running their offices.
Based on an architectural design by the DAM.architekti studio, Port7 will include 3 new administrative buildings, which upon planned completion in the second quarter of 2023 will offer 35,000 sqm of office and retail space.
It seems like the entire world has been shut down by the recent coronavirus outbreak. While the situation is unprecedented and dynamic, there are still some ways that property managers can get in front of the challenge and help their tenants stay safe and healthy. This is true for offices but even more true for multifamily and co-living properties, where millions of people are now sheltering in place around the world.
Even before the start of the coronavirus pandemic, the home office was one of the most sought-after corporate benefits. During the first spring wave, many employees welcomed the opportunity to work from home, but with increasing time, more and more workers and employers are finding that they lack peace of mind in addition to interpersonal contact, and are also significantly less efficient.
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