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How will the proposed amendment to the Building Act affect commercial real estate?

Josef Stanko: Construction is an inherently slow business; although, it should be added, a very stable one. However, this seemingly unshakable stability has been greatly tested of late by another of life’s many uncertainties: regulatory changes. The latest of these is the new Building Act, or rather its proposed substantive amendment. I am not a lawyer or a developer here to assess the quality of legal clauses or their specific impact on construction proceedings. I want to reflect instead on what a "foot on the brake" in real estate development means for the market, and why commercial real estate is important.

No office building construction started in Q3 2022

Prague Research Forum is pleased to announce office market figures for the third quarter of 2022. The members of the Prague Research Forum – CBRE, Colliers, Cushman & Wakefield, JLL, Knight Frank, supported by associated member Savills – share non-sensitive information intending to provide consistent, accurate and transparent data about the Prague office market. RICS supports the activities of the Prague Research Forum.

Four basic zones that today's offices cannot be without

Modern corporate offices should reflect the needs of today's employees and new ways of working: not only with their equipment, but also in their layout. Ideally, offices should be divided into four basic zones. The first should provide silence and peace for focused work; the second should enable cooperation between teams; the third should be available for rest, relaxation, and perhaps even entertainment; and the fourth should offer space for daily communication. Do you know how much space to allocate for each zone and why?

PR Colliers - Prague Office market Q2 2022

PRAGUE, 07 SEPTEMBER 2022 - The Czech branch of Colliers, a leading provider of diversified professional services for commercial real estate and investment management, published a survey of the Prague office market for the second quarter of 2022. According to this survey, 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 take-up is nevertheless the highest since the end of 2019.

Workplace Advisory and Office Agency teams at Colliers will now be led by Jana Vlková

PRAGUE, 1 AUGUST 2022 - Colliers' Czech branch is combining the management of its Workplace Advisory (WPA) and Office Agency (OA) - (Landlord / Brokerage / Tenant Representation) under one leadership team as of August 2022. This is part of its planned expansion and improvement of customer services in the office and tenant care segment. Jana Vlková, who was previously responsible for the WPA team, will take over management of the OA division. She returns to the latter with many years of new experience and excellent client relationships. Petr Žalský, who has led the Office Agency department since August 2018, will remain a member of the department and will focus more intensely on the requirements of Colliers' local and corporate clients.

Biophilic design: new trend in office space creation

People spend up to 90% of their time inside buildings. While at home they can adapt their environment to fit their preferences, at work they often have to operate in spaces with artificial lighting, use a range of electronic devices, and breathe air filtered through air-conditioning systems. All this has a negative effect on people’s health: especially their mental health. Biophilic design, which is rapidly becoming a big trend, can help avoid these problems; especially when designing and furnishing offices. It brings the work environment closer to nature, which has a beneficial effect on the psyche and overall health.

Demand for offices in Prague has returned to pre-pandemic levels

The Czech branch of Colliers, a leading provider of diversified professional services for commercial real estate and investment management, published a survey of the Prague office market for the first quarter of 2022. According to this survey, there was a further increase in vacancy, which increased across Prague. However, gross take-up recorded a year-on-year increase of 44 %, and thus returned to pre-pandemic levels. The increase in prices throughout the city is still felt especially in construction projects, mainly due to rising costs for materials and construction work