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Articles - office markets

Hybrid working is staying with us

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.

CPI Property Group reported record financial results for the first half of the year

CPI PROPERTY GROUP (hereinafter “CPIPG”, the “Company” or together with its subsidiaries the “Group”), a leading owner of income-generating European real estate, hereby publishes unaudited financial results for the six-month period ended 30 June 2021.

Student Dejvice will receive a coworking center. It will grow near the PPF headquarters

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.

UBM Development Czechia balances its results for the first half of 2021

The development company UBM Development Czechia published its results for the first half of this year. The company was successful in all real estate segments in which it currently operates on the Czech market: in the segment of housing, offices and hotels. UBM's strategy in the coming years is to focus mainly on residential construction, especially in Prague.

The construction of new offices is coming to life

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.

Back to the offices. Avast cancels the dining room and adds 24 meeting rooms

Almost two thousand people. Last March, the technology company Avast sent so many employees to the home office. Along with this decision, it also closed all its offices around the world.

CFIG Real Estate is launching its first development project. A modern Palachovka administrative center will be established in Pardubice

CFIG Real Estate, which belongs to the CFIG financial and investment group, presents the final version of the Palachovka project. The company bought the five-storey administrative center in the wider center of Pardubice from the construction holding Enteria. The finished premises should be ready to move in by the end of 2022.

The area of offices in Prague per person is below average in comparison with the world

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.
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