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Office Market News

Sustainability is shaping the office markets in Central and Eastern Europe

Cities with a high proportion of modern, green-certified office properties are more attractive to investors and attract premium rents. The growing focus of companies on sustainability and ESG is thus shaping the office market to a large extent. The highest number of certified buildings can be found in Warsaw and Bucharest, while the lowest number are in Tirana, Sofia and Athens. Prague is the most active in modernisation efforts. Modernisation of older buildings offers opportunities to reduce emissions and increase rents. This is according to Colliers’ report “CEE Office Markets on the Green Path – Decarbonisation Potential”, which examines office markets in 11 cities in Central and Eastern Europe1.

Q4 2024: A challenging year ended with promising results, but problems persist

Prague Research Forum announces Prague office market data for Q4 2024 and 2024: · Quarter-on-quarter vacancy rate decline in Q4 was largest since 2018 · One office project completed · Record annual realized demand of over six hundred thousand square meters · Increase in prime rents in the city center and growth in rents across the city · No new office construction started in the past six months

Republic Square will be revitalized with a center of flexible offices and coworking

Prochazka & Partners, a leading commercial real estate consultancy, has taken care of another significant expansion of the largest Czech provider of private flexible offices and coworking, Scott.Weber Workspace, within the capital city of Prague.

ČMN has completed its largest real estate portfolio acquisition valued at several billion CZK

The investment group Českomoravská Nemovitostní (ČMN), the third-largest office space landlord on the Czech market, together with the NEMO fund, has completed the acquisition of a portfolio from the NOVA Real Estate property fund valued at approximately 5 billion CZK. The transaction includes 5 office buildings with a total rentable area exceeding 37,000 m² and 11 retail parks covering an area of 72,000 m². With this acquisition, the ČMN group will expand its business into the retail segment.

Interviews

Interview with FLEKSI: Demand for offices changes in line with new work models and trends

In a new interview for kancelreinfo.cz, Andrea Foretnikova, General Manager at FLEKSI, talked about trends in the office market and also about the advantages of flexible ones. More in the article below.

Scott.Weber: We build state-of-the-art design work environments in the spirit of well-being and in the context of a hybrid work model

We have prepared for you an interview with Adam Zvada, the founder of Scott.Weber Workspace, the number one company on the Prague shared office market. Since 2009, Scott.Weber Workspace has been creating work environments that empower people to achieve their goals and offering solutions for businesses of all sizes.

Transactions

Date Business Center Tenant m2 Lessor
2024 Q4 Churchill II. Red Bull n/a
2024 Q4 Green Point Soitron Group 500
2024 Q3 AFI Avenir B,C Porsche Engineering Services 4300

More Transactions »

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