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Office Market News

A large real estate fund is selling off a portfolio. Sixteen properties worth billions of crowns are going on the market

After years of depression, the domestic real estate market is starting to revive. In recent months, the Komerční banka building on Wenceslas Square, the Palác Pardubice shopping center have already been sold, and there is even a gem for sale in Na Příkopě Street: the Myslbek commercial and office building.

Smíchov City is the largest urbanization in central Prague since the founding of Vinohrady at the end of the 19th century by Martina Marečková

In three years, the surroundings of Smíchovský nádraží in Prague will change beyond recognition. Today, there is a huge construction site where construction is taking place in parallel under the direction of private and public investors. Their representatives officially presented the next stage of the Smíchov City project on Wednesday.

Sekyra is starting to build another part of Smíchov. A large pedestrian boulevard and the headquarters of Česká spořitelna will grow here

Construction activity is beginning to move to the desolate southern part of Prague's Smíchov. Developer Sekyra Group is launching the second stage of its extensive project for the new Smíchov City district here. Within a few years, three administrative buildings should be built here, including the new headquarters of Česká spořitelna and a hotel. The private project for a total of 35 billion crowns will be followed up by the city and the Railway Administration, which are working here to modernize the railway and build a new transport terminal. Public investments will reach another fifteen billion crowns.

Companies, offices, banks and media houses deal with moving

The office market is slowly recovering from a deep depression. Managers are looking to more modern workplaces not only to meet future sustainability requirements, but also to entice employees from their homes back into the workplace. Škoda Auto recently moved to new offices, large media houses are changing their addresses, and Česká spořitelna, for example, is already looking at a modern building in Smíchov. Some authorities and public institutions are also looking for a new seat. However, many companies prefer the reconstruction of existing buildings.

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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