Discover how advancements in artificial intelligence and digital platforms are revolutionizing commercial real estate operations, leading to more efficient, sustainable, and tenant-friendly buildings.
The first quarter of 2025 was marked by extraordinary activity in the Czech commercial real estate market. According to Colliers, the total investment volume reached 1.48 billion euros, already surpassing the full-year results of 2023, which amounted to 1.15 billion. Several large transactions with a value exceeding 100 million euros contributed to this record.
The Czech office real estate market has long been struggling with a significant decline in interest from abroad. Since January 2021, over four years, there has not been a single acquisition of a large Prague office building by international capital.
Re-creating a world of entrepreneurship that is not just for profit - this is how the vision of the new CEO of Impact Hub, Petra Sokol Maňasová, could be summarized. She took over Impact Hub with experience from the non-profit and business worlds. She has worked on projects focusing on socially beneficial activities, social issues and renewable energy, and it is precisely by returning to topics with a broader impact, impact, that she wants to return to the first network of coworking spaces in the Czech Republic.
Falling interest rates and loose monetary policy in the eurozone and Central and Eastern European countries are boosting investor confidence in the region’s commercial real estate market. However, the situation varies from country to country. For example, the Czech National Bank recently paused its rate cut cycle due to an upward revision of its inflation forecasts for this year.
The construction of the new Dornych project by the Crestyl development group in the vicinity of Brno's main train station is progressing to the next phase. After the demolition of the old shopping center was completed, the last rubble was removed at the end of April. 90% of the demolished material will be recycled. A full 100% of the raw materials from the excavation of the construction pit will then be reused. Some of the material will be used directly in the construction of the new project. Its completion is scheduled for the end of 2027. Dornych 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 a hotel, clinic, rental housing and offices.
ČEZ has chosen the Smíchov City project by Sekyra Group for its new headquarters. The company has already started its construction. ČEZ will purchase the new headquarters, which will include three separate buildings with a total area of 44,000 m², from Sekyra Group upon completion in 2027. In addition to domestic architects, a major Swedish architectural studio also participated in the design of the buildings. ČEZ will be located next to the large campus of Česká spořitelna, which is currently under construction. Smíchov City is the largest urbanization in central Prague since the creation of Vinohrady, not only as a residential district, but also as a significant administrative location - business hub. Thanks to these significant investments, Sekyra Group holds a dominant position in the Prague office market with a roughly 80% share in the segment of construction of administrative buildings. Smíchov City is being transformed into a full-fledged district with a balanced share of residences, administration and leisure areas. The total costs of the Smíchov City project will reach 50 billion crowns, of which 35 billion will be private and 15 billion will be public investments, which will be directed primarily towards infrastructure.
Passerinvest Group, the Czech development company behind, among other things, the development of the vast area known as Brumlovka in Prague 4, has presented its plans and strategic investments for the next five years. During this period, it will bring a total of 180,000 square meters of office, residential and retail space to the market. Along with the construction, it will also focus on the transformation and cultivation of 5.5 hectares of public areas - parks, relaxation zones and water areas.
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