The Czech real estate investment volume reached €1.15 billion in the first half of 2022. This was a 60% increase and was mainly led by domestic investors who acquired properties worth more than €607 million. Even the number of transactions in Q2 surpassed Q1 of this year. Domestic buyers were involved in 11 of the 13 transactions in Q2, so the share of the domestic capital increased in total volume to 68%, Savills reported.
The current economy has to deal with a number of negative factors affecting not only our personal but also our working life. The Covid pandemic and its consequences, the difficult geopolitical circumstances caused by the war in Ukraine, the skyrocketing energy prices, steeply rising inflation – all of this has an effect on the office market as well. Today, their tenants are faced with the question of how big offices they will need in the era of the "new normal" - and also in what buildings in order to be able to pay the rent in the rented premises without problems (1). In the considerations of tenants, the price-quality ratio is increasingly coming to the fore. When applying this key criterion, it turns out that class "B" offices, although their share of the market for administrative space in Prague is significantly lower than class "A" offices, are definitely not Cinderella. On the contrary – for many tenants, they are now the ideal solution to their needs. The example of the successful Nagano Park administrative complex in Prague 3 can be used to show why "B" offices are and will be in vogue.
The metro station in Prague's Letňany is often given as a model of how transport infrastructure in the city should not be built. And anyone who has ever stepped out of those vestibules in the middle of the fields would probably agree with such voices.
There are 200 percent more flexible offices in Prague than five years ago. Scott.Weber Workspace, the largest operator of flexible and shared offices (so-called coworking) in the metropolis, recently opened premises in the Blox center in Dejvice. Flexible offices currently make up 2.7 percent of the 3.75 million square meters of office space in Prague, and further growth is expected. This follows from the analysis of the real estate consulting company JLL and information from Scott.Weber Workspace.
PlanRadar, one of the leading European platforms for digitization in the construction industry, which is already used in the Czech Republic by, for example, the construction companies BAK, Metrostav and Imos Brno, specialist in project management and technical supervision of buildings Unitrex Management or companies providing maintenance and property management such as Awigo or Trade Center Prague, launched a special tool focused on planning. It is designed to facilitate the construction of buildings and subsequently their maintenance and management. Above all, the novelty will facilitate the supervision of all tasks and help with meeting the set deadlines.
The construction of the new Roztyly Plaza office building was symbolically started today with a ceremonial tapping of the foundation stone. Work is currently underway on the construction of underground floors with a capacity of 330 parking spaces for tenants and another 100 spaces for P + R car parks. The seven-storey building will offer for rent an office with a total area of 21,700 m2 and business units on the ground floor, which will be occupied by a canteen and there is also a grocery store or drugstore. The construction also includes the modification of the immediate surroundings - the bus terminal will be modernized, the ground floor will be modified and the asphalt will be replaced by a Prague mosaic enabling water seepage.
Coronavirus has changed the way we used to know from the office environment. After two years of running a full-time home office, people are slowly returning to the offices - but it's clear that in most cases it won't be five days a week after eight hours. This creates a new problem for companies: how to adjust the capacity of offices and optimize their occupancy. The solution offers an unexpected helper - a corporate wireless network.
Colliers, a leading company providing diversified professional services in commercial real estate and investment management, has published a regional office market survey for 2021. According to him, the importance of regional cities will continue to grow, both due to lower price levels and the emergence of new quality office space. Last year, gross annual demand began to grow again after a period of stagnation, both in large centers such as Prague, Brno and Ostrava, as well as in regional cities.
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