Discover the transformative Savarin Project, set to redefine central Prague's commercial landscape. This ambitious development, strategically located near Wenceslas Square, offers unparalleled business opportunities within a vibrant, amenity-rich mixed-use environment, with completion anticipated by 2029.
Prague's office landscape is on the cusp of significant expansion, with an anticipated surge of up to 600,000 square meters of new office space becoming available between 2027 and 2029. This growth signals a promising outlook for businesses seeking prime locations, despite current low vacancy rates and increased demand.
The real estate industry is transforming, and the use of modern digital tools by developers and property managers means better and more reliable spaces for businesses like yours looking to rent offices or warehouses.
Significant movement in the Prague commercial real estate sector as CA Immo divests a major office building in the sought-after Holešovice district. This sale highlights ongoing investor interest and the demand for high-quality office space in the city.
Discover how advancements in artificial intelligence and digital platforms are revolutionizing commercial real estate operations, leading to more efficient, sustainable, and tenant-friendly buildings.
SCS Software, a game studio whose truck driving simulators have a loyal fan base around the world, is moving into the Roztyly Plaza office complex, which was completed last year. The offices, which occupy the top three floors of the building, were designed by Perspektiv studio.
Investment and development company AFI announces the appointment of Karin Shalev Shogol as CEO for the Czech Republic. She replaces Doron Klein who will focus on other tasks and challenges related to AFI after fourteen years of successful leadership of the Czech team. He will continue in his role as Deputy CEO of the entire group and also as CEO of AFI Romania.
Similar to Prague, Brno also recorded only a slight year-on-year increase in the supply of modern office space in 2024, with the total market size increasing by only 8,600 square meters. The same was true in Ostrava, where the construction of modern office buildings has been subdued in recent years, with exceptions, and the average annual completed area over the past 5 years is 5,800 square meters. Despite the lower supply, both cities represent an attractive alternative for investors - rental prices are stable and lag behind the Prague market. In Brno, at the end of 2024, the rent for premium office space in a modern design was EUR 17 per square meter per month, while in Ostrava it ranged between EUR 14 and 14.50. Other regional cities, especially Plzeň, Hradec Králové and Olomouc, could attract investors' attention in the coming years thanks to new projects and improving transport infrastructure. This is according to the latest analysis of the regional office space market by Colliers.
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