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Office Market News

Billionaire Passer is changing another part of Prague. He also attracted the most profitable family business

Billionaire Radim Passer is changing the face of another Prague location. After Brumlovka, which he has been continuously developing for over a quarter of a century, his development company Passerinvest completed its initial project in nearby Roztyly – the Roztyly Plaza administrative building.

Sustainability, modularity and interaction: The National Film Archive has new offices

After moving from Žižkov at the end of last year, the National Film Archive (NFA) settled in Nuslí. The company Profil Nábytek in tandem with the architectural studio Schwestern created an attractive working environment for employees in the building near Botič, opposite the Theater Na Fidlovačka. The uniqueness of the new interiors lies, among other things, in the fact that if NFA moves again in the future, the modular furniture can continue to be used according to needs and current dispositions.

The vacancy rate has increased slightly, the market is suffering from slowing demand

Prague Research Forum announces data on the office market in Prague for Q1 2024: Almost 71,300 m2 of office space is under construction, of which 82% will be completed this year. In the first quarter of 2024, one office building was completed – Roztyly Plaza (21,700 m2). Thus, 80,300 m2 should be completed for the entire year 2024, significantly less than the long-term average. Gross realized demand reached a total of 108,700 m2 in the first quarter of 2024, a year-on-year decrease of 19%. Net demand was 46,000 m2 in the same period, 38% less than in the same period last year. Net absorption was positive in the first quarter and reached 8,900 m2. The vacancy rate increased 30 basis points from the previous quarter to 7.5%. The highest achievable rent increased slightly to EUR 27.50-28.00 per square meter per month.

Part of the Dornych project in Brno will be the NYX lifestyle hotel from the Leonardo Hotels network

The Dornych project of the Crestyl Group, which will replace the old shopping center in the neighborhood of the Brno Central Station in the coming years, will also offer a hotel. The Leonardo Hotels network will strengthen its presence in the Czech Republic with the opening of a new lifestyle hotel, NYX Hotel Brno by Leonardo Hotels. It will open in mid-2028 and will be the group's second hotel in the Czech Republic after NYX Hotel Praha, which opened in 2017. The Dornych project will offer a freely accessible public space flanked by several smaller buildings. The lower floors of the new buildings will be reserved for shops and services, while the upper floors will house rental housing and offices in addition to the aforementioned hotel. One of the buildings will be occupied by the EUC clinic.

Interviews

Scott.Weber: We build state-of-the-art design work environments in the spirit of well-being and in the context of a hybrid work model

We have prepared for you an interview with Adam Zvada, the founder of Scott.Weber Workspace, the number one company on the Prague shared office market. Since 2009, Scott.Weber Workspace has been creating work environments that empower people to achieve their goals and offering solutions for businesses of all sizes.

Interview with AFI Europe Czech Republic : Sustainability plays a very important role in our buildings

Kateřina Holická, asset manager of AFI Europe Czech Republic, answered

Transactions

Date Business Center Tenant m2 Agency
2024 Q1 Port 7 The Miners Coffee 220
2024 Q1 Hadovka Office Park Logio n/a 108 Real Estate
2023 Q4 Port 7 Economia n/a

More Transactions »

Best of 2024

  • Largest Rental:

    Port 7 - , with 220m2 rented space

  • Most Active Office Building:

    Port 7, 1 db rentals, with 220m2 rented space

  • Most Active Agency:

    , 0 transactions, transactions total space: 220 m2

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