87% of respondents believe that the physical office is essential for successful business operations, reveals a survey conducted by real estate advisory firm Savills. Additionally, 54% of respondents feel that the hybrid model combining working from home and the office is the best for their health and well-being.
The largest provider of flexible offices on the Prague market, Scott.Weber Workspace, entrepreneur Adam Zvada, is preparing a new coworking center in the capital. He will open in the student part of Dejvice and Scott.Weber will thus strengthen his position as a branch leader in the Czech capital.
On one of the most lucrative plots in the Czech Republic, right next to Prague's Masaryk Railway Station, the cranes of the Penta Investments investment group are already tirelessly delivering material and the local construction site is living its own life. In front of passers-by, the skeleton of one of the most discussed buildings of decades is slowly moving towards the sky.
The ever-expanding JRD Group, which covers five divisions under its brand (JRD Development, JRD Plazma, JRD Energo, JRD Property and JRD Invest), achieved total sales of CZK 2.14 billion last year. JRD Development occupies a dominant position in it, with last year's results of CZK 1.61 billion. The individual divisions cover a wide range of industries, from residential or land development through investments in profitable real estate to energy from renewable and secondary sources. This includes, for example, a portfolio of photovoltaic and wind power plants or a groundbreaking plasma waste gasification technology.
The pandemic has changed the way we work and the way we spend our working hours. According to many companies and employees, the future of work is a hybrid model - part of the week we will work from home and part in offices. According to an Accenture study conducted in 11 countries around the world this year, 83 percent of respondents consider this way of working to be optimal. Maybe they should control their optimism. This model of operation is definitely not suitable for every company or employee and carries with it a number of risks.
The new Astrid Offices office building in Prague's Holešovice from UBM Development Czechia welcomes its tenants in August. The Czech branch of UBM is also moving here from its original headquarters in Voctářova Street in Libeň. The project currently rents all offices as well as retail space on the ground floor.
According to Savills, total modern office space in Prague increased slightly in Q2 2021 to 3.73 million sqm. Although subdued and still challenged by uncertainty, Q2 2021 saw a recovery in new supply as 49,500 sqm was delivered to the market across four new projects. Even though a decline of 57% is still visible in y-o-y comparison, new office supply for the second quarter is 10% above the pre-pandemic quarterly average.
from BNP Paribas Real Estate by the end of 2021, almost 40,000 m2 and in the following period over 140,000 m2 of new offices are being prepared by developers in the territory of Prague. The balance is mainly influenced by large and long-term development projects - Port 7 from Skanska in Holešovice or construction in the area of Masaryk's railway station by Penta. Sekyra Group also makes a significant contribution to the offer of new administrative areas with its Smíchov City and Rohanský ostrov projects. Their plans have not yet changed the rising prices of building materials and energy. Nevertheless, construction will reach pre-covid level at the earliest in 2023.
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