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Articles - office buildings

The vacancy rate has increased slightly, the market is suffering from slowing demand

Prague Research Forum announces data on the office market in Prague for Q1 2024: Almost 71,300 m2 of office space is under construction, of which 82% will be completed this year. In the first quarter of 2024, one office building was completed – Roztyly Plaza (21,700 m2). Thus, 80,300 m2 should be completed for the entire year 2024, significantly less than the long-term average. Gross realized demand reached a total of 108,700 m2 in the first quarter of 2024, a year-on-year decrease of 19%. Net demand was 46,000 m2 in the same period, 38% less than in the same period last year. Net absorption was positive in the first quarter and reached 8,900 m2. The vacancy rate increased 30 basis points from the previous quarter to 7.5%. The highest achievable rent increased slightly to EUR 27.50-28.00 per square meter per month.

Radio Evropa 2 has moved to a new address. 24 years and 5,000 broadcasts, says Leoš Mareš

Pátek 19. dubna se už navždy stane výjimečným dnem pro všechny pracovníky rádia Evropa 2. To totiž právě do pátku sídlilo na adrese ulice Wenzigova 4 v Praze 2.

Ostrava has a new strategic development plan

This year, the city of Ostrava completed the preparation of a new strategic plan for the development of Ostrava with a view to 2030. The main vision is fundamentally unchanged compared to the previous plans. The efforts to connect the city internally and with the world and the revival of the historic core remain among the priorities. Closely related to this is the construction of new buildings that Ostrava will be proud of and which in a wider context will benefit the general public. However, the local government cannot satisfy such construction alone. Therefore, private investors become important drivers of urban development. Only an open and cooperative approach from both sides has the potential to meaningfully develop the city - with ecologically sustainable construction and valuable architecture.

The Roztyly Plaza administrative building was approved. It will welcome the first tenant already in the spring

Koncern Passerinvest v březnu zkolaudoval novou administrativní budovu Roztyly Plaza na Praze 11, přímo u stanice metra C Roztyly. Projekt tak nově rozšířil pražský kancelářský trh o 21 700 m² kanceláří poslední generace, ze kterých je aktuálně již jen polovina k dispozici. V přízemí budova nabízí 1 600 m2 obchodních jednotek. Ty od dubna obsadí například moderní kantýna s kavárnou Perfect Canteen, lékárna a specializovaný obchod s drony. Kromě snadné dopravní dostupnosti je velkou předností projektu jeho velkorysé propojení s přírodou díky těsné blízkosti Krčského lesa a městského parku Nové Roztyly. Za architektonickým ztvárněním budovy Roztyly Plaza stojí studio Aulík Fišer architekti.

The construction law raises concerns. According to him, he will start to allow himself in July

Construction companies and developers look forward to this date with great uncertainty. From July 1 this year, building authorities will decide on all constructions according to the new building act. Although it came into effect at the beginning of the year for infrastructure and transport constructions, according to him, all other constructions, including large development projects, will also be assessed in the summer.

The ORGANICA office building: a unique solitaire full of greenery and elegant curves

The elegant organic curves of the new administrative building ORGANICA, which is behind the development company CONTERA, flow with the rather harsh urbanism of Ostrava. The floor plan of this building from the pen of Schindler Seko architects resembles a four-bladed propeller and thus refers to the history of the region. The facade gives the impression of a cog wheel that seems to fall out of the mining towers and grows through the greenery.

Last year, Czech investors in CEE carried out transactions for almost 1.5 billion euros

According to the current report of the real estate consulting company Cushman & Wakefield, the commercial real estate market in 2023 in the Central and Eastern European region saw a significant decrease in investment volume: year-on-year it was a 55% reduction to a total of 5.02 billion euros. The largest part of the capital went to the office sector, which also saw the most significant increase in income. Despite the complications, the market is showing resilience, especially in the logistics and residential sectors, which are the areas with the greatest potential for growth.

The area of coworking spaces in Prague increases, further expansion is hindered by insufficient construction

With the development of work trends and a flexible approach to the working environment, coworking spaces are increasingly gaining ground in the Czech Republic. Their area grows by an average of 10-15 thousand square meters per year. Coworking spaces represent roughly 3% of all office spaces in the metropolis. In terms of square meters, Prague does not compare to Western metropolises, but within Central and Eastern Europe, this is an average value.
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