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Office Market News

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.

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Base boutique co-working offices for the demanding have opened in Prague

The developer Penta Real Estate has announced a competition for coworking offices in Prague in the Churchill building. The winner was Studio Perspektiv, which created a so-called boutique co-working space for the discerning. It is called Base and is the first branch of the planned network.

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CTP begins construction of new logistics park in Ostrava

Praha, 14. zaří - CTP Invest is commencing construction of a new industrial park in the Poruba district of Ostrava, named ctPark Ostrava Poruba. Groundworks began in the summer and the initial project phase should be completed within six months, with the first companies moving in at the beginning of next year. The developer plans to invest more than €57 million (CZK 1.5 billion) in the project. Four large halls with production facilities and warehousing will be built at the site, which will offer almost 90,000 sqm of lettable area. This is the fifth ctPark in the Moravian-Silesian Region, besides the ctParks at Ostrava Hrabová, Nošovice, Nový Jičín, and Karviná.

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Companies can start applying for subsidies to develop their own infrastructure for research, development and innovation

The Agency for Entrepreneurship and Innovation, the intermediate body of the Operational Program Enterprise and Innovation for Competitiveness, has started receiving applications for subsidies under the "Calls VII of the Potential Support Program". The aim of the call is to support the establishment and increase of the number of companies with infrastructure for their own research, development, and innovation. It is now possible to obtain up to 50 million CZK for one project. The call was announced on 28th August 2020 by the Ministry of Industry and Trade, which is the managing authority of the OP EIC. The API will accept applications until 23 November 2020. This is the last call of the Potential program in the OP EIC, a total of 1.1 billion crowns has been prepared for applicants.

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How are office spaces changing in the post-covid period?

The transition to safer offices does not have to be a leap and the cost of large investments. Even small adjustments and hygiene measures can significantly reduce the risk of the virus spreading.

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Mississippi House in Karlín is half rented a year before completion

CA Immo has signed a contract with the first tenant in the Mississippi House building in Prague 8, which is currently under construction. The international consulting company Adastra will occupy 7,000 square meters of office space. More than a year before the planned completion, Mississippi House is leased from approximately 50%.

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Green certified office space has doubled in 4 years

The 630,000 m2 of certified green office space as of 2015 year-end had increased to over 1,500,000 m2 by the end of 2019, more than doubling the amount of green office space. This represents 40% of the total modern office stock.

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A group of leading developers and state bodies have committed today to reduce carbon emissions associated with their construction projects.

Property developers, Hammerson, Hines and IPUT, and state procurement bodies, Transport Infrastructure Ireland and Dublin City Council, have committed to reduce the upfront embodied carbon associated with their projects. Upfront embodied carbon is the carbon emitted during the manufacture of products for construction.

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