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News - Office markets outside Prague struggle with rising vacancies
05
Apr
2023

Office markets outside Prague struggle with rising vacancies

by Property Forum
Despite significantly lower prices than in the capital, markets for offices in Brno and Ostrava are struggling with rising vacancies. Other regional markets, however, now offer opportunities for developers, investors or serviced office providers, thanks to the potential of the Hub & Spoke concept. The latter centres around a strategy where companies reduce the size of the main office and then supplement it with smaller spaces in different locations. Alongside that, there is the Flex & Core office space usage concept, which combines a smaller main office with a membership of one or more co-working centres. These options to curb office vacancies are mentioned in a recent survey by Colliers.
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Latest news


New leases

  • Sanofi Romania is relocating its HQ to Bucharest-based Equilibrium 2 office building, developed by Skanska. The company will occupy the 9th floor of the building starting June 2026.
  • ConvergenCE has signed a long-term agreement with Etalon-Informatika Kft., which will set up its new office in the Budapest-based CityZen project on an area of nearly 700 sqm. The company is expected to move in during 2026.
  • Kanał Sportowy, one of Poland’s leading sports media platforms, and Zdrofit, the country’s largest fitness club chain, will continue their presence at Konstruktorska Business Center in Warsaw. Kanał Sportowy will maintain its lease of 512 sqm, while Zdrofit will continue to occupy 1,000 sqm.

New appointments

  • Daniel Orczyk has been named Senior Project Manager at the technical advisory department of Avison Young in Poland. He is a licensed structural engineer and building site manager with over 20 years of experience.
  • Łukasz Meisner has joined Peakside Capital Advisors as Head of Project Management. He will be responsible for the management of Peakside's investment projects in Poland, including overseeing the implementation of key investments within the City Point, Urban Parks, and Peakside Industrial logistics platforms.
  • Peakside Capital Advisors is strengthening its Polish structure, expanding its expertise in investment management and development project execution. Łukasz Meisner has joined the team as Head of Project Management. He will be responsible for the comprehensive management of Peakside's investment projects in Poland, including overseeing the implementation of key investments within the City Point, Urban Parks, and Peakside Industrial logistics platforms.

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