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 have prepared for our readers Kancelareinfo.cz an exclusive interview with CAPEXUS experts on the interior of workplaces. How has the Covid-19 pandemic affected trends in workplace interiors? What transformation projects are they currently working on? How important is the diversity of the workspace?
REICO’s ČS real estate fund has decided to sell the Platinium office building in Brno to Czech investment group RSBC. The Platinium building was the longest-held property in the fund's portfolio.
The organizers of Open House Prague have chosen the summer date of the festival this time and invite all lovers of architecture to its seventh year, which will take place from 2 to 8 August 2021. On the weekend of 7 and 8 August, 80 normally inaccessible buildings and spaces and The week will bring a number of accompanying events. The motto of the festival is "Architecture for all", because the tours of the buildings are intended for the general public, including families with children and people with visual and hearing impairments. Admission to all open buildings is free without prior registration.
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