The ability to analyse how a building is used and to adapt the indoor environment accordingly is a clear example of a trend that is not only here to stay but will only grow in importance. By simply monitoring occupancy, building managers and owners can reduce costs and increase lease income. At the same time, occupants can enjoy a series of features that make their lives easier and allow them to work more productively. Proptech company Spaceti, which will be featured at Prague Property Forum 2018, introduces its solutions.

Marek Pohl assumed the role of Head of the Valuation Department at BNP Paribas Real Estate in Prague, thus obtaining a promotion from the position of Senior Property Valuer.

Although the Czech property investment market continues to boom, it is likely that the total investment volume for 2018 will be lower than it was in 2017. Omar Sattar MRICS, Managing Director of Colliers International Czech Republic shared his predictions for the future of the Czech investment market.

Gross take-up (including renegotiations and subleases) on the Prague office market in the first quarter of 2018 amounted to 85,700 sqm, representing a decrease of 51% compared to the previous quarter and a decrease of 19% in year-on-year comparison. The Prague Research Forum announced the office market figures for Q1 2018.

JLL helped with the sale of an office building in Chodov, Prague. The project on Roztylská with an area of over 9,000 sqm was sold at the purchase price of €9.47 million (CZK 240 million). The seller was PSN and the buyer was Vinton Development s.r.o. It is the largest transaction ever provided by S&MI (Small & Medium Investments) department under the leadership of Pavol Bak. 

JLL's Office Agency has obtained an exclusive mandate to lease Argentinská Office Building owned by SUDOP Invest in Prague 7. A lucrative office building of almost 10,000 sqm is due to be built in the second quarter of 2019 and offers its potential tenants over 6,000 sqm of offices in 7 floors.

Just because technology can do something does it necessarily mean that we want it to? This was just one of the many topics that Czech professionals discussed at the latest RICS event in Prague which analysed the rapidly evolving relationship of property and technology.

The area of shared offices in Prague will grow by 66% year-on-year. At the end of 2017 the total area was 16,500 sqm, and in 2018 it will increase to 27,500 sqm as the market delivers 11,000 sqm. The majority of these centres have been pre-leased. Shared offices are used in the regions as well. There are 76 coworking centres across the Czech Republic with a total area in excess of 25,000 sqm. According to Cushman & Wakefield’s estimates, the current area of shared offices will double by 2020.

Cushman & Wakefield is expanding its Project & Development Services (PDS) team, to include a new C&W Design + Build platform. In Central and Eastern Europe (CEE), the new service will be headed by Glyn Evans, based in Prague.

New projects are building up slowly, the number of commenced constructions are declining and high demand remains. At the end of last year, approximately 8,100 units were under construction in Prague. This is the lowest result since 2014. The total number of completions reached 6,176 apartments which is 5% below 2016 levels. 2018 will most probably not bring a major change, rather the opposite. In 2018, the construction of around 3,800 new flats will commence, the lowest figure since 2009. About 5,000 units will be completed, marking a significant decline compared to 2017.