Dutch studios Benthem Crouwel Architekten and West 8 have won the competition to design a new central railway station for Brno, in what was the largest architectural competition in the history of the Czech Republic
Gross take-up on the Prague office market in Q2 2021 amounted to 89,300 sqm, representing a 5% decrease on the previous quarter but a 10% increase in a year-on-year comparison. The Prague Research Forum has published the office market figures for the past quarter.
A new district, which respects the historical monument with a unique genius loci from the Czech Industrial boom times and connects it with modern lifestyle is about to be built.
According to the international real estate consulting company Savills, companies looking for first-class office space on the European market will face a high degree of competition, despite the fact that the construction of new office space is the most active in the last five years. According to Savills' European Office Development report, the new office space to be completed in the region this year will provide 26% more space than in 2020.
Zebra Technologies, a global leader in mobile computing, barcode printers and scanners, is moving from Brno’s Královo Pole district, where it has been operating for 17 years, to the Vlněna office complex built by CTP in the centre of Brno.
The Rustonka office building complex located in Prague 8 - Karlín will be complemented by another new building: the Red Court office building from the CMC architects workshop. The architectural and design company OBERMEYER HELIKA continued its successful operation in the construction of the RUSTONKA 1C and 2 office buildings. Now, as the general designer, it provides documentation for the building permit and for the construction of the Red Court office building. During the construction, it will also provide the function of author's supervision.
The coronavirus pandemic significantly affected office work. According to the Prague Research Forum, the share of vacant office space in the total supply in Prague increased from 6.98% at the end of 2020 to 7.6% in Q1 2021. The vacancy rate increased by 220 basis points year-on-year and reached the highest value since 2 quarter of 2017. However, not all office centers have struggled with the outflow of demand in recent months. At the time of the coronary crisis, both the landlords' approach to their tenants, who eventually got into trouble, and the famous ratio between quality and price played a key role. And in these respects, Class B offices often came out victorious. For example, Nagano Park, an administrative complex in Prague 3 - Třebešín, under the management of Geosan Development, recorded an increase in occupancy from 89.95% in February 2020 to the current 93.94%. New tenants include, for example, the state-subsidized organization Service Facilities for the Ministry of the Interior or Advande Labs.
The Polish company Business Link, which deals with the rental of jobs in shared premises, has sold its Holešovice office building to Scott.Weber and is thus ending up in the Czech Republic. The price of the transaction was not disclosed by either party. Hospodářské noviny informed about it.
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