Extraordinary growth in the flexible office space industry awaits Europe and the Czech capital. In the next five years, the alternative to ordinary offices will grow significantly.
Do you remember the filing cabinets of the ’90s? There would be entire rooms lined with the metal behemoths. They would contain all the memos, contact info, contracts – everything you could need, lost in the metal boxes. Today we’ve mostly moved away from all those metal boxes to just one – our computers. But that doesn’t mean we know how to access and use all that data. Those emails, memos, contact info contracts that are unused, they can be considered ‘dark data.’
The coronavirus pandemic significantly affected not only the functioning of society as a whole, but also changed the current rhythm in office centers. With the introduction of work from home, many companies now face a new challenge in dealing with office space. The winners will be those who adopt a flexible model: this means that they will have an immediate transition to the online environment and will be able to react quickly and without significant losses to unpredictable situations. At the same time, however, they must not lose the irreplaceable function of the office - its social aspect. CBRE, a world leader in commercial real estate services, presents areas that are recommended for offices to focus on. They also advise on how best to incorporate change into the operation of companies.
The COVID-19 pandemic spurred the involuntary evacuation of offices and led companies and employees to experiment with full-time work from home. Some prognosticators are now declaring that demand for offices will decline over the long term. But are such forecasts realistic?
Every real estate marketer wants to have a clear visibility on marketing campaigns performance in order evaluate the return on investment in terms of engagement, sales and actual revenue.
The Prague Research Forum reports that a total of 21,200 m2 of office space was completed in Prague during the third quarter of 2020, bringing the total volume of modern offices to 3.73 million m2. The newly completed premises include three newly built buildings - AFI City 1 in Prague 9 with 15,900 m2, the Office Building of Czech Ports in Prague 7 with 2,800 m2 and Poděbradská Centrum in Prague 9 with 2,400 m2.
With effect from January 2021, IMMOFINANZ has entrusted the international real estate consulting company Savills with the exclusive management of its portfolio of seven office buildings in Prague. The total floor area of the assets is approximately 123,000 square meters.
Even tradition sometimes needs a new coat. Becherovka, which has been produced according to the same recipe for more than 200 years, has new offices. The original background in indistinct colors ceased to meet the requirements of the company and the employees moved to modern premises in the Stromovka Center in Holešovice, Prague. The offices will feature colorful meeting rooms styled according to Becherovka, Jameson, Beefeater or Havana Club spirits, as well as its own bar.
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