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Articles - Office Relocation

The pandemic has helped shared coworking offices, attractive locations are occupied

Coworking and flexible offices are one of the few industries that have been significantly boosted by the coronavirus pandemic. Although HubHubu, the operator of two shared spaces in Prague, had its occupancy reduced to 50 percent during the strictest closures, this year it is reporting that it is practically occupied. One of the reasons is the hybrid work style, to which a significant part of companies have reoriented. Instead of startups, flexible offices are increasingly being rented by larger companies as well.

The Prague office market is expecting an increase in rent prices next year

After three quarters this year, the Prague office market already exceeded the volume of transactions from the covid years 2020 and 2021. The year-on-year increase in gross and net realized demand, i.e. new contracts and their extensions, amounted to 38 percent. Office vacancy has fallen by 0.3 percentage points since the start of the year to 8.1 percent, and demand for flexible space is growing. Prices will increase in the coming year, which, according to representatives of construction and real estate companies, will be reflected in inflationary clauses in contracts and energy prices.

The construction of the multi-functional building VÁCLAV in Ostrava has started

In the center of Ostrava, on Kostelní náměstí, the implementation of the first stage of the multifunctional building VÁCLAV has begun. The building will offer apartments, office space and commercial units on an area of 4,424 m2. The developer of the CZK 300 million project is the ANTRACIT group, the general contractor of the implemented stage is the Ostrava construction company HSF System.

Prague office market grows by 21% in 9 months

The Prague office real estate market reached several records in the first nine months of 2022. It marked year-on-year records in the growth of new office space, record demand from tenants, and even much more office space was leased this year than a year earlier, according to JLL's regular quarterly analysis.

Vítkova's CPI Property Group sells more than fifty properties to Immofinanz

The real estate company CPI Property Group (CPIPG) of billionaire Radovan Vítek is selling 53 retail properties in the Central and Eastern European region to the Austrian real estate company Immofinanz, of which he is the majority owner. The price is 324.2 million euros (almost eight billion crowns).

Organica's offices will use the smart Sharry software

The ORGANICA administrative building will be one of the smartest office buildings in the Moravian-Silesian region after its completion next year. The digitization of individual services and communication tools will be handled by the Sharry software, which is also used by New York skyscrapers, among others. Sharry will connect a mobile application, smart parking and software for receptionists and visitors.

Czech companies are increasing among innovators on the real estate market

Among the companies offering innovative solutions for the real estate sector, four Czech companies appeared in this year's global KPMG research. In previous years, only one represented the Czechia. This year, the research counted almost 800 innovations, the largest number of which were presented by companies from the Netherlands. Overall, it innovates the most in the areas of digitization, connectivity and sustainability.

Passerinvest completed another acquisition in Brumlovka. He becomes the owner of the Gamma building again

Purely Czech company Passerinvest Group, a.s. (hereinafter referred to as Passerinvest) successfully closed the purchase of the Gamma office project in the Brumlovka administrative center in Prague, where it has been operating for a long time. The building, financed by Raiffeisenlandesbank Oberösterreich, was acquired by Passerinvest from the Austrian real estate group IMMOFINANZ.
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