With the development of work trends and a flexible approach to the working environment, coworking spaces are increasingly gaining ground in the Czech Republic. Their area grows by an average of 10-15 thousand square meters per year. Coworking spaces represent roughly 3% of all office spaces in the metropolis. In terms of square meters, Prague does not compare to Western metropolises, but within Central and Eastern Europe, this is an average value.
Czech developer and investor Crestyl significantly strengthened its position in Poland when it completed the takeover of a fifty percent stake in Spravia from the Cornerstone Partners group. The Polish developer was originally bought by both partners together. In 2021, they paid 8.5 billion crowns for it, which meant one of the largest real estate deals in Central and Eastern Europe. The price of the current transaction was not published.
The demand for a combination of working from home and from the office remains high even with the end of the post-covid period. It attracts young people the most, 3 out of 5 employees under the age of 35 would like to use it. Older generations, on the other hand, are more reserved on the issue. Less than half (41%) prefer to work purely in the office, only 15% of them use work from home in practice. A total of 39% of companies offer an alternating work model. This follows from a survey mapping the attitudes of employees and employers for Scott.Weber Workspace.1
Anyone who regularly moves around Prague's náměstí Republiky may have recently noticed an increase in construction activity at the somewhat run-down corner house adjacent to Kotvá. And in about a month, scaffolding will appear on the corner palace in the neoclassical style according to the design of the architects Adolf Foehr and Alfons Wertmüller, the author of the State Opera.
Scott.Weber Workspace, which operates flexible serviced offices, coworking and event spaces, is expanding. It will offer 830 office spaces in the new locations The Park and Port7.
Sharry, a company developing a workplace experience platform around digital employee badges, has completed its largest project in the Czech Republic yet. It has launched a comprehensive digital solution for the office part of the Prague-based DOCK complex developed by Crestyl. The contract includes a mobile application "DOCK by Crestyl", which connects users from all five office buildings and contributes to the greater sustainability of the project.
Scott.Weber Workspace, which operates flexible serviced offices, coworking and event spaces, is expanding. In the new locations of The Park and Port7, it will offer 830 office spaces with an area of 7,322 m2, in addition to expanding the area in Atrium Flóra by another whole floor. The Park in Chodov is a campus of office buildings with exceptionally rich civic amenities. Due to the nature of the companies located there, the location is referred to as "Prague's Silicon Valley". On the contrary, Port7 is a newly built complex in Holešovice, which is considered to be the new Prague waterfront. And it is, for example, the only place in Prague that can be reached by seven modes of transport. The Atrium Flóra concept, where offices are located in a shopping center building, is being expanded by another floor due to its great popularity.
In February, the development and investment group Crestyl appointed Lenka Preslova as its commercial director for commercial real estate. In the newly established position, she became part of the management of Crestyl in the Czech Republic, where she will lead the team dealing with the leasing and management of commercial real estate - both office and retail.
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