Office fit-out costs in Prague are still competitive despite rising construction costs and higher demand for modern work environments. According to the latest report from Cushman & Wakefield EMEA Fit Out Cost Guide Prague's offer of high-quality office spaces is at more favourable prices compared to other European cities.

Scott.Weber Workspace has leased new premises in the heart of Prague's Smíchov district, which is fast becoming an important centre of the capital. 

The Sir Hotels chain coming from Amsterdam has opened its new hotel close to the Vltava river bank in Prague this week.

The European luxury retail market has been thriving, with 83 new luxury stores opening in 2024 across 20 key shopping streets in 16 cities and 12 countries, according to Cushman & Wakefield’s latest insights.

UBM Development Czechia has launched the sale of apartments in the new Rezidence Na Plzeňce project, which will be built close to Smíchov Railway Station in Prague. 

The Czech communication group Knowlimits has moved to the office space in Karlín in Prague previously used as the Economia publishing house headquarters. 

Since early 2024, 7R has been advancing two projects in Czechia. Both developments have obtained full building permits, underscoring 7R’s commitment to expanding its footprint in the region. Now the developer has also appointed Štefan Bohoš as a new Leasing Manager to strengthen its presence in the Czech Republic.

The Cimex investment group has been focusing on hotel, office and residential projects. The company is responding to Prague's market changes and new trends by transforming older office buildings into modern housing. 

Tomáš Jandík, CFA, MRICS, former CEO of the Czech real estate fund for retail investors, has founded a private equity real estate advisory and investment management company, the Crestpoint Capital Partners.

CPI Europe has announced the sale of several properties in Vienna and Prague as part of a strategic portfolio optimization initiative.