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Office Market News

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CBRE forecast: What awaits the commercial real estate market in 2025?

CBRE, the world leader in the field of commercial real estate services, provides a summary of this year's developments on the domestic commercial real estate market and presents a current forecast for the year 2025. This indicates what the investment activity and development of key segments in the Czech Republic will be like in the coming year.

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.

Office Complex Churchill Square Welcomes New Tenant, Red Bull

The investment group Českomoravská Nemovitostní (ČMN) confirms the continued high demand for quality office spaces in Prague. Red Bull has become a new tenant in the prestigious Churchill Square II office complex, managed by ČMN, further increasing the already high occupancy rate of the building. This transaction underscores the attractiveness of Prague 2 and the high demand for quality offices.

The energy performance certificate of a class A building will not guarantee us economical operation unless we eliminate human errors.

With increasing pressure on ESG, developers are looking to save energy and reduce the amount of CO2 their buildings produce. They are using a variety of technologies, such as solar panels, batteries, heat pumps and energy-saving lights. These things help, but how people use the building is also very important. Even if a building has an excellent energy rating, it can still use a lot of energy if people make mistakes. Loxone helps to correct these mistakes. It automates many routine tasks in the building, and as a result, energy costs are typically cut by up to half.

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Interviews

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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.

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Transactions

Date	Business Center	Tenant	m2
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

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