Reading the amenity lists of modern office buildings in major cities, you might think you’re looking at a hotel and not a typical commercial property. Indeed, buildings have come a long way from the days when a coffee shop or lobby fountain was all that you could hope for at your workplace. Today, it seems like you could find a building with practically any activity or amenity imaginable if you look long enough.
The former freight station in Smíchov is starting to change. Practically in the center of Prague, a new "city within a city" is to be built within 12 years, which will include apartments, offices, retail space, and public spaces, including a kilometer-long pedestrian boulevard. The plans also include two parks, each the size of the Old Town Square. This is currently the largest development project in Prague.
The extension of UniCredit Bank's lease to 23,700 m2 in the Filadelfie office building in Prague's BB Center is one of the largest lease transactions in 2020. This year, the bank built a modern office concept within its headquarters - Smart Office, which allows it to optimize leased premises in line with current and future trends.
The coronavirus pandemic has become a catalyst for change in many areas of business. The market for office space, which has often been half-empty in recent months due to the higher level of work from home, is not on the sidelines either. Therefore, companies are discovering the benefits of flexible offices and are also starting to use them more. Others may not have heard of them yet. How do they work and what helps their rapid development?
First digital PropTech Start-up Hub in CEE Online Real Assets (https://www.onlinerealassets.com), is completing its 360⁰ digital services to landlords and asset managers, by integrating brand new digital asset management tool, through its joint-venture with Assetti (https://assetti.pro).
In a survey of Facebook employees covered by the Harvard Business Review, the participants identified three things they wanted most from work: career, community, and cause. When those three critical elements are met, they give employees a sense of respect, care, and recognition from their community at work, and they report that they truly “bring their whole selves to work.” This sense of connection with a work community enriches their feeling of accomplishment, beyond the physical walls of the workplace.
COVID-19 brings uncertainty to many tenants, and with current social distancing measures in place as well as a majority of companies transitioning to working from home arrangements, the requirements of an office space have been severely impacted.
Only 18% of the companies surveyed reduced their leased office space and 27% gave up the planned expansion.
The pandemic accelerated the onset of new trends. Flexibility is at the heart.
64% of respondents-companies in the Czech Republic and 75% in the CEE region plan to invest in new technologies to support teleworking.
24% of Czech and 32% of Central European representatives of the surveyed companies expect increased interest in the sustainable construction of buildings.
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