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Articles - pražský kancelářský trh

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.

Rents and service fees in Prague offices are rising, but demand is still rising

Colliers, a leading company providing diversified professional services in the field of commercial real estate and investment management, published a survey of the Prague office market for the 2nd quarter of 2022. According to it, the vacancy rate did not change and remained at the same value as in the previous quarter. On the contrary, rents or service fees continue to rise. The volume of net realized demand is nevertheless the highest since the end of 2019.

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.

The new Philips Class A LED tube: an innovative solution at a time of rising energy prices

Signify (Euronext: LIGHT), formerly Philips Lighting, a world leader in lighting, is expanding its portfolio with the most energy-efficient LED tubes to date. Thanks to its high efficiency, Philips MASTER LEDtube UE can help customers solve not only the global energy crisis, but also the growing pressure to reduce the carbon footprint and stricter EU regulations.

Czech investments in 2022 rise by 60% y-o-y to €1.15 billion

The Czech real estate investment volume reached €1.15 billion in the first half of 2022. This was a 60% increase and was mainly led by domestic investors who acquired properties worth more than €607 million. Even the number of transactions in Q2 surpassed Q1 of this year. Domestic buyers were involved in 11 of the 13 transactions in Q2, so the share of the domestic capital increased in total volume to 68%, Savills reported.

"A" or "B"? This is what matters when choosing administrative premises today. Class "B" offices are still in vogue

The current economy has to deal with a number of negative factors affecting not only our personal but also our working life. The Covid pandemic and its consequences, the difficult geopolitical circumstances caused by the war in Ukraine, the skyrocketing energy prices, steeply rising inflation – all of this has an effect on the office market as well. Today, their tenants are faced with the question of how big offices they will need in the era of the "new normal" - and also in what buildings in order to be able to pay the rent in the rented premises without problems (1). In the considerations of tenants, the price-quality ratio is increasingly coming to the fore. When applying this key criterion, it turns out that class "B" offices, although their share of the market for administrative space in Prague is significantly lower than class "A" offices, are definitely not Cinderella. On the contrary – for many tenants, they are now the ideal solution to their needs. The example of the successful Nagano Park administrative complex in Prague 3 can be used to show why "B" offices are and will be in vogue.

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