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Office Market News

Colliers predicts a strong recovery in demand for a flexible European workspace following a slowdown due to a pandemic

According to the latest Flex Forward report from global real estate consultant Colliers International, European markets with a low level of existing flexible workspace saw the largest increase in new flexible operations in the first half of 2020.

What is Tenant Experience?

What is the best competitive advantage for any business? To know what customers desire and to be able to react promptly to their needs. That is why it is more and more important in the real estate world to focus on customers, in this case on tenants, and create an unforgettable vivid environment—a complete experience. Read our two-part article about steps on how to create an amazing tenant experience part 1 and part 2. There is no single correct answer to the question of “what is tenant experience,” so we would like to present to you our understanding of the term. From our CEO Lukas Balik:

Construction of a new district on Rohan Island in Prague will begin next year

The development company Sekyra Group will probably kick the ground in Prague 8 on Rohan Island for the first time in the first quarter of next year due to a new project. This area is one of the largest development sites in Prague. The total investment in apartments, offices and other premises should amount to around 15 billion CZK.

Time for businesses to establish more meaningful wellbeing initiatives

Over the years, mental health has become a prominent feature of wellbeing initiatives in many businesses, but especially in the wake of the pandemic. However, our research has found that more than half of the UK workforce (54 percent) do not feel that mental health benefits are a priority in their organisation. This is despite half of workers believing that mental health benefits are essential post-COVID-19.

Get used to the idea of work as an experience rather than a place

Suck it up. The role of property in supporting organisational performance has changed forever. The obsession with bricks and mortar has to shift to the employee-as-consumer experience. If we understand that user experience, then organisations can make the right decisions. The problem is, experience is now scattered across millions of homes worldwide.

Predicting the office amenities of the future

Reading the amenity lists of modern office buildings in major cities, you might think you’re looking at a hotel and not a typical commercial property. Indeed, buildings have come a long way from the days when a coffee shop or lobby fountain was all that you could hope for at your workplace. Today, it seems like you could find a building with practically any activity or amenity imaginable if you look long enough.

The largest development project in Prague is starting. A new district with a kilometer-long boulevard will be built in Smíchov

The former freight station in Smíchov is starting to change. Practically in the center of Prague, a new "city within a city" is to be built within 12 years, which will include apartments, offices, retail space, and public spaces, including a kilometer-long pedestrian boulevard. The plans also include two parks, each the size of the Old Town Square. This is currently the largest development project in Prague.

PASSERINVEST GROUP and UniCredit Bank extended the lease until 2033

The extension of UniCredit Bank's lease to 23,700 m2 in the Filadelfie office building in Prague's BB Center is one of the largest lease transactions in 2020. This year, the bank built a modern office concept within its headquarters - Smart Office, which allows it to optimize leased premises in line with current and future trends.
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