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Articles - Office market

Furniture profile equipped a new CEZ building in Dukovany tailored

Profile Furniture has completed the implementation of interiors of the new CEZ office building at the Dukovany nuclear power plant. The total volume of the contract reached CZK 11.4 million. The design of the building is the architectural studio DI5, which held the design inspired by the power plant itself. The project included 242 jobs, meeting rooms, dining room, classrooms and workshops and was implemented in two stages in the first half of this year.

What will the Prague of the future look like? See the overview of expected buildings

In Prague, after years of preparations, whole new city districts are starting to emerge, famous squares are getting a new look, important railway stations are increasing their capacity, and a new bridge will soon span the Vltava River. If the political will is found, residents and visitors of the capital will be able to look forward to a brand new philharmonic or museum. See how Prague will change in the coming years.

A distinctive facade and 92 luxury apartments. Penta presented Victoria Palace on Victory Square

The Victoria Palace was inaugurated on Vítězné náměstí in Prague. It has 92 luxury apartments and commercial spaces in the lower part. It is the first new building on the square in 87 years. The construction of the house with a distinctive facade cost approximately 850 million crowns. The architectural design of the building was developed by Jakub Cigler's studio. It had been planned for more than 15 years to build an opening on the northern corner of the square. The construction project on this land was bought by the Kaprain group in 2016, which in the same year also invited a partner, Pentu Real Estate.

Hundreds of apartments, offices, park. In Karlín, construction is almost like after a flood

When you think of the development of Karlín, you probably think of the period at the turn of the millennium, when investors led by Serge Borenstein started to transform the gray inner periphery of the city into a new lively district. The development was also accelerated by the floods in 2002, which, although they were a disaster for many, meant new construction possibilities for Karlín.

Nothing bigger has been built in Prague since Vinohrady was founded. Smíchov City is heading to the next phase

V polovině června začala výstavba další části obrovského projektu Smíchov City, který staví developerská společnost Sekyra Group. Druhá fáze, nazvaná Smíchov City Jih, bude v mnoha ohledech výjimečná. Třeba výší investice, rozsahem výstavby, ale i tím, že v ní vznikne nové sídlo České spořitelny.

Office buildings in Prague are aging, the market is expecting strategic renovations

Almost a third of the office market in Prague is twenty or more years old. This presents a problem for many tenants, not least because they cannot emphasize sustainability in these buildings and thus meet their ESG goals. Building owners are offered a solution in the form of complex renovations, but according to experts from Colliers, this is hindered by the low vacancy rate on the Prague office market, which offers few alternative spaces. Nevertheless, it turns out that the reconstruction of old buildings can be less demanding than the construction of new ones. A well-planned and well-executed strategic renovation can bring long-term benefits to landlords, including higher rents.

The office and business complex in the center of Prague is being transformed into "Karlák Shopping Square

The rebranding and reconstruction of the building on Karlov náměstí concerns retail and office spaces and architectural modifications with the installation of a new logo and brand identity.

Office construction in Prague slowly comes back to life, the market is being saved by renovations

The market for modern office space in Prague at the end of the 1st quarter of 2024 amounted to approximately 3.91 million m2. The vacancy rate increased slightly to 7.5%, representing approximately 292,000 m2 of vacant office space available for immediate lease. After a long period of inactivity, new speculative construction is now slowly starting to thaw. And despite the long-term growth of rents, Prague remains an attractive and competitive location attracting new investors. This is according to the regular quarterly survey of the office real estate market published by Colliers, a leading provider of diversified professional services in the field of commercial real estate and investment management.

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