GARBE Industrial Real Estate CEE has received a building permit for two industrial premises in Pohořelice, 30 km south of Brno. The construction of the two halls is starting almost immediately and to be available for the tenants within eight months.

CTP has opened a new office Building I in the Vlněna complex, a former brownfield in Brno. PKV BUILD is one of its first tenants.

The Regional Research Forum has presented H1 2024 Brno and Ostrava office market data. The vacancy rate in both cities is moving slightly below 12%.

The average offer price of new residential projects in Brno has exceeded CZK 129,400 per sqm (€5,093) and Q2 2024 has broken the previous record from 2022. Demand has also grown sharply, as data by Trikaya shows.

Scott.Weber Workspace is expanding its coworking premises entering new buildings in Prague, Ostrava and Brno and opening 16,500 sqm of new offices for more than 2,000 people.

In Q1 2024, 246 resi units in Brno have found their buyers. This is a 100% increase compared to the previous year's average, according to data by Trikaya.

The real estate market in the Czech Republic has recently been most influenced by the overall economic situation associated with current events in Europe including the war in Ukraine, expensive energy prices and high interest rates. According to 2023 PSN data in the residential segment, the situation is favourable for investor purchases.

The Vlněna brownfield project in Brno, which was purchased in 2007 by CTP, is now entering its final phase. This year, the developer is planning to complete the first office building in this project.

The Dornych project by Crestyl Group is to replace the old shopping centre in the neighbourhood of Brno's Central Station in the upcoming years. The developer has now announced a hotel as a part of this development. Its opening is planned for mid-2028.

The Dornych project of Crestyl Group replacing the old shopping centre in the neighbourhood of the Brno Central Station has received a building permit.