A total of 1,000 sqm of office space in the Mayhouse building in Pragueʼs Pankrác district has been leased to two new tenants: RTB Media and Capgemini Czech Republic.
Award honors Schneider Electric’s longstanding commitment to sustainability and market-leading digital solutions that help customers meet their Sustainable Development Goals
Together with Microsoft, Schneider Electric supports customers such as JLL and Blackstone to develop and achieve decarbonization ambitions
Marks Schneider Electric’s 30-year global relationship with Microsoft and their shared vision for a sustainable future
The specialist for providing comprehensive security services, G4S Secure Solutions, is the new tenant of the completely renovated Office Building B. The agency occupied 815 m2 of office space in July this year, adding other renowned companies ABInBev, NEWPS and Alcon Pharmaceuticals. The owner and administrator of the building is the PASSERINVEST Group.
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.
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 office market is one of the areas most affected by real estate pandemics. It is not yet clear how many people will return to the offices and what proportion of companies will require "pre-fashion" attendance from their employees. Investors and operators of coworking centers are venturing the opportunity to cut a larger share of the market.
According to a survey by JLL Global Benchmarking Service, the global average office space per employee is 13 square meters. In Prague, the area is between 10 and 11 square meters, ie lower than the global average. Employees have the most space in offices in Chicago, USA, almost 23 square meters. At the bottom of the scale are cities like Manila or Bangalore, where workers have 7 square meters at their disposal.
We use cookies to optimise site functionality and give you the best possible experience.
This site uses cookies to store information on your computer.
Some of these cookies are essential, while others help us to improve your experience by providing insights into how the site is being used.
Accept Recommended Settings
Necessary Cookies
Necessary cookies enable core functionality such as page navigation and access to secure areas. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.
Analytics
Analytical cookies help us to improve our website by collecting and reporting information on its usage.
Marketing
We use marketing cookies to help us improve the relevancy of advertising campaigns you receive.
Social Sharing Cookies
We use some social sharing plugins, to allow you to share certain pages of our website on social media.
