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Office Market News

Online Real Assets PropTech to close circle by offering 360⁰ digital services to asset managers in CEE

First digital PropTech Start-up Hub in CEE Online Real Assets (https://www.onlinerealassets.com), is completing its 360⁰ digital services to landlords and asset managers, by integrating brand new digital asset management tool, through its joint-venture with Assetti (https://assetti.pro).

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Do you start missing the office? Not the location but the interaction?

In a survey of Facebook employees covered by the Harvard Business Review, the participants identified three things they wanted most from work: career, community, and cause. When those three critical elements are met, they give employees a sense of respect, care, and recognition from their community at work, and they report that they truly “bring their whole selves to work.” This sense of connection with a work community enriches their feeling of accomplishment, beyond the physical walls of the workplace.

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25 projects that fundamentally change the face of Prague

Are you interested in what the metropolis will look like in 20 years? Does the Prague exhibition offer a trip to the future tomorrow? Prague priorities representing 25 ambitious construction projects that will significantly change the face of Prague in the next 20 years. The exhibition was prepared by the capital city of Prague and IPR Prague. It starts on 23rd September and will last until 20th December 2020 in the premises of the Prague Center for Architecture and Urban Planning (CAMP) and on Mariánské náměstí, where the projects are presented in the form of a panel exhibition. The exhibition, in which visitors themselves can interact, maps 5 basic categories of the building development of the capital city of Prague, namely new districts, new transport connections, new opportunities, new squares and streets, and new parks. Each category is represented by 5 specific projects.

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Maintaining tenant relationships in the time of COVID-19

It has been a trying time across all industries and all kinds of interpersonal relationships. Community managers and tenants are considered in-person communities, and as such, are particularly affected by the onslaught of this uncertainty. COVID-19 has urged community managers to think on their feet when it comes to solutions for pressing concerns among their tenants. Clear communication is the cornerstone of maintaining tenant relationships – despite it looking differently from what it once was.

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CEE leading PropTech startup hub is launching sublease alternative to rising 200 000m2 demands.

COVID-19 brings uncertainty to many tenants, and with current social distancing measures in place as well as a majority of companies transitioning to working from home arrangements, the requirements of an office space have been severely impacted.

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Prospective small businesses can improve and move to better offices with more favorable conditions

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.

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CBRE Survey: What do office tenants go through and where do they see opportunities?

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.

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Base boutique co-working offices for the demanding have opened in Prague

The developer Penta Real Estate has announced a competition for coworking offices in Prague in the Churchill building. The winner was Studio Perspektiv, which created a so-called boutique co-working space for the discerning. It is called Base and is the first branch of the planned network.

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