Related news

New office construction in Prague is accompanied by complications, reconstruction can help the market

Only one office building was completed in Prague in the third quarter. Vacancy increased slightly year-on-year to 8.1% and rents in the city center reached approximately €29.00 per square meter per month. Efforts to modernize some older properties continue in the market, either while they are in operation or by temporarily withdrawing them from the market. It comes from research by Colliers, a leading provider of diversified professional services in commercial real estate and investment management.

Generation X feels the busiest, the youngest and oldest employees would welcome a four-day work week

A new survey by Colliers has shown that employees between the ages of 44 and 59 are under the most pressure in the workplace. Roughly half of them (44%) state that they cannot handle their agenda during standard working hours, i.e. within 40 hours a week. The results of the survey also show that more than half of all respondents would vote for a shortened working week. The young generation Z (people under 27) and the so-called Boomers (people 60+) gave this answer most often.

The regional office market becomes increasingly attractive, attracts by lower prices and greater availability of space

Regional cities in the Czech Republic are becoming an increasingly interesting alternative for investors looking for cheaper, yet high-quality office space outside of Prague. That's according to the latest survey by Colliers, a leading provider of diversified professional services in commercial real estate and investment management. According to him, net realized demand in Brno grew by 43% year-on-year, in Ostrava by 127%. At the same time, prices are kept at a level that is one third to one half lower than in Prague. Even more interest in regional cities could be aroused by a better offer of serviced offices, which are of particular interest to established companies on the market in connection with the development of hybrid work and the introduction of hub & spoke or flex & core models.