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Articles - office rental costs

Business innovation in the age of coronavirus: Companies are discovering the benefits of flexible offices

The coronavirus pandemic has become a catalyst for change in many areas of business. The market for office space, which has often been half-empty in recent months due to the higher level of work from home, is not on the sidelines either. Therefore, companies are discovering the benefits of flexible offices and are also starting to use them more. Others may not have heard of them yet. How do they work and what helps their rapid development?

Online Real Assets PropTech to close circle by offering 360⁰ digital services to asset managers in CEE

First digital PropTech Start-up Hub in CEE Online Real Assets (https://www.onlinerealassets.com), is completing its 360⁰ digital services to landlords and asset managers, by integrating brand new digital asset management tool, through its joint-venture with Assetti (https://assetti.pro).

CBRE Survey: What do office tenants go through and where do they see opportunities?

Only 18% of the companies surveyed reduced their leased office space and 27% gave up the planned expansion. The pandemic accelerated the onset of new trends. Flexibility is at the heart. 64% of respondents-companies in the Czech Republic and 75% in the CEE region plan to invest in new technologies to support teleworking. 24% of Czech and 32% of Central European representatives of the surveyed companies expect increased interest in the sustainable construction of buildings.

Prague ranks as 45th at the list of the most expensive office locations

According to the study of the consultancy firm Cushman & Wakefield London’s West End is the world’s most expensive office market for the third consecutive year. To rent one metre squared of office space here costs over EUR 2,300 annually. Hong Kong came second place (EUR 1,636 sq m/annually) followed by New York third (EUR 1,162 sq m/annually).
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