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Articles - offices

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.

QR codes everywhere you look. How can they be effectively used in the construction industry?

QR codes are currently booming. You can find them practically everywhere: on information posters, advertising flyers and tickets to cultural events. In addition, a number of restaurants have started placing them on tables for contactless menus and payments during the covid-19 pandemic. Anyone who knows the use of QR codes from practice knows how fast it is to scan and retrieve information from them. Thanks to this, they have spread from customers to industries, including construction. Adam Heres Vostárek, an expert on the digitization of processes in the construction industry from the company PlanRadar, explains how this technology can be effectively used in construction and real estate management.

Generation X feels the busiest, the youngest and oldest employees would welcome a four-day work week

A new survey by Colliers has shown that employees between the ages of 44 and 59 are under the most pressure in the workplace. Roughly half of them (44%) state that they cannot handle their agenda during standard working hours, i.e. within 40 hours a week. The results of the survey also show that more than half of all respondents would vote for a shortened working week. The young generation Z (people under 27) and the so-called Boomers (people 60+) gave this answer most often.

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.

Recycling office space? The course includes renegotiations, subleases, reconstruction or serviced offices

The company Savills is monitoring the changes in the approach of companies in relation to renting office space on the Prague market. Current trends are renegotiations, subleases, serviced offices, and there is renewed interest in reconstructed buildings. At the same time, second-hand spaces appear in the search engine of companies, where it is possible to take over a completed and often attractive interior, realized by another company. These changes are happening as a result of insufficient office construction in Prague, which is at its lowest level in at least the last decade. However, even such transactions can have a positive impact within the ESG strategy of companies - some existing buildings after reconstruction can meet the current demanding requirements for economy. According to the Savills survey, green rental contracts will become a completely common part of rental contracts by 2026.

Zeitgeist Asset Management obtains more prestigious tenants in Palác Dunaj in the historical centre of Prague

The international law firm CMS and the European Investment Bank (EIB) have rented office space in the newly renovated Palác Dunaj building on Národní třída. The total occupancy has now reached almost 80%. Only one floor of offices and retail units on the ground floor of the building remain vacant, though negotiations with potential tenants are already underway here as well.

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