In the last month alone, the vacant office space offered by tenants for sublease has approximately doubled (from 50 to 100,000 m2). This is a unique opportunity, especially for small companies with up to 50 employees, which can now afford prestigious "A" offices commonly intended for larger corporations due to the coronavirus crisis. And under very advantageous conditions, often with a better price or higher flexibility of commitment compared to standard five-year contracts.
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.
Penta plans to build a new residential development on a brownfield site of almost 32,000 sq. m in Prague Nusle. The total investment should reach CZK 2 billion.
CA Immo has signed a contract with the first tenant in the Mississippi House building in Prague 8, which is currently under construction. The international consulting company Adastra will occupy 7,000 square meters of office space. More than a year before the planned completion, Mississippi House is leased from approximately 50%.
Businessman Zdeněk Bakala sold a real estate complex in Prague Karlin to Amundi Czech Republic real estate fund. Part of the Forum is the multifunctional forum of Karlín, Šárka Samková's spokeswoman Bakal said. Both sides agreed not to publish the transaction price.
THERE WAS A TIME when a good salary and health care plan were enough to attract almost any employee. But in today’s ultracompetitive recruiting environment, top talent often seek benefits that go beyond monetary compensation.
According to the study of the consultancy firm Cushman & Wakefield London’s West End is the world’s most expensive office market for the third consecutive year. To rent one metre squared of office space here costs over EUR 2,300 annually. Hong Kong came second place (EUR 1,636 sq m/annually) followed by New York third (EUR 1,162 sq m/annually).
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