High demand and a lack of new projects caused a decrease in the vacancy rate of Prague offices, which currently stands at 7.26%. The volume of new construction and renovations was approximately 143,600 square meters at the end of Q2 2023, and the total market size was 3.85 million square meters. Reference rent prices have not changed in any way compared to the previous quarter, however, in connection with ESG and modern standards, the price of office equipment is increasing. It can easily exceed 1,000 euros per square meter. That's according to a survey by Colliers, a leading provider of diversified professional services in commercial real estate and investment management.
The operation of contemporary offices shows that the intersection between work and personal life is increasing. The personal life of employees has an ever-increasing influence on companies' decisions about choosing a suitable office. On the other hand, employees are considering working corners at home for a comfortable home office or close commuting distance to work.
Working in coworking offices, i.e. in shared spaces, is gaining more and more popularity. Not only is the interest of companies in the volume of rentals of such capacities growing, but also the total share of coworking spaces on the Prague office market.
The Czech real estate fund Investika became the new owner of the Tensor administrative complex in Gdynia. He is investing in Poland for the fifth time, this time one billion crowns. The popularity of the neighboring country is also growing among other Czech investors thanks to the greater number of opportunities, higher yields and still relatively affordable prices.
The largest provider of private flexible offices and coworking is expanding to include the Dock location in Libni in Prague 8. The Thirteenth Center will offer a total of 350 office spaces, event spaces, private terraces and over 20 meeting and other rooms for concentrated work to increase productivity on an area of 3,190 m2. Scott.Weber in the Dock will provide an extraordinary number of relaxation zones in the spirit of well-being to ensure physical and mental health, well-being and thus the overall satisfaction of the workers. It will also offer clients a bistro with a chef who will use fresh ingredients directly from the roof terrace with a garden. The concept of modular event spaces is also used in the Dock.
The Office of the Year competition annually evaluates the best investments in office space and the attractiveness of the environment for employees. The current seventh year, in which ten winners shared the award, showed trends in contemporary workspaces.
June month in Belgrade has long been reserved for the world of real estate. Belgrade invites and expects participants who will come to visit the REBEC event.
The company Colliers, which belongs to the top in the provision of diversified professional services in the field of commercial real estate and investment management, has prepared a unique price map of office space in Prague. The map indicates that for the highest rents, offices are rented at centrally located metro stations such as the Museum or Náměstí Republiky, while the lowest rents are around Petřiny or Náměstí Míru stations.
We use cookies to optimise site functionality and give you the best possible experience.
This site uses cookies to store information on your computer.
Some of these cookies are essential, while others help us to improve your experience by providing insights into how the site is being used.
Accept Recommended Settings
Necessary Cookies
Necessary cookies enable core functionality such as page navigation and access to secure areas. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.
Analytics
Analytical cookies help us to improve our website by collecting and reporting information on its usage.
Marketing
We use marketing cookies to help us improve the relevancy of advertising campaigns you receive.
Social Sharing Cookies
We use some social sharing plugins, to allow you to share certain pages of our website on social media.
