Penta Real Estate is investing 20 billion CZK into 'Florenc21,' a transformative mixed-use district in central Prague. This ambitious project on a former railway brownfield will deliver hundreds of modern apartments, state-of-the-art offices, hotels, and retail opportunities, strategically connecting Karlín with New Town. Businesses looking for a prestigious and well-connected address in Prague should take note of this significant development.
Explore the successful partnership between Colliers and Aeven in creating a cutting-edge, sustainable office environment at Port7, Prague – a testament to integrated commercial real estate solutions and employee wellbeing.
The era of widespread home office is giving way to a renewed focus on in-person collaboration. Companies globally are tightening attendance policies, bringing employees back to physical offices, and reshaping the demand for modern, flexible workspaces. This significant shift holds crucial implications for businesses seeking commercial real estate.
CA Immo's Danube House in Prague's prime Karlín district is drawing significant market interest, with two major lease agreements totaling 4,400 m² already signed for its upcoming state-of-the-art office spaces. Set for completion in Q1 2026, the fully reconstructed building promises 22,500 m² of modern, sustainable, and technologically advanced offices, affirming its status as a premium destination for businesses seeking top-tier facilities.
The Port7 complex, which is backed by Skanska, is almost fully occupied and is quickly transforming into a lively center of Prague's Holešovice. Modern office space has been newly rented here by companies such as Sweco, Xalution, Orea Hotels & Resorts, Coty, Aeven, and the Maxík kindergarten. The complex includes a quality restaurant, eye center, pharmacy, a café from the The Miners chain, a fitness center, a community garden, and many other new services. The newly opened space on the embankment 2.0 adds a multifunctional playground, a children's playground, a barbecue area, a bouldering wall, parkour elements, and a shaded sandbox for the little ones. Port7 is surrounded by greenery and regularly comes alive with cultural and sports events; for example, a popular summer cinema has been taking place here since the second half of August.
Discover Nový Rohan, a groundbreaking 15 billion CZK development by J&T Real Estate in Prague's prime Karlín district. This ambitious project is set to redefine the urban landscape, offering exceptional opportunities for businesses seeking modern office, retail, and service spaces in a vibrant, integrated community.
Prague's dynamic Karlín district is set to welcome a major new development, Nový Rohan, led by J&T Real Estate (JTRE). This ambitious project on Rohan Island will introduce significant new office and retail spaces, creating a vibrant, mixed-use hub ideal for businesses seeking prime commercial locations.
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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