CTP has begun construction of a new facility at CTPark Brno South, where ABB will lease over 17,000 m² to expand its production of low-voltage switchgear. The project illustrates a trend that is becoming increasingly prevalent in industrial parks—high-quality office facilities as a tool for retaining and attracting employees.
Land prices in Prague have tripled since 2014, and the supply of new apartments cannot keep up with demand. Developer GARTAL is responding to this in the City Lofts project with a simple solution—instead of a larger apartment, it offers a more efficient two-story layout. What does such an apartment look like, and what does it say about the direction the Prague residential market is heading?
On average, 40% of office space remains unused on workdays, and global office occupancy hovers around 54%. In response to these figures, the consulting firm iO Partners has launched iO4Workplace—a proprietary diagnostic tool that uses five questions and three decades of data on the work environment to determine exactly how many square meters a company actually needs. The results are available immediately, including a breakdown of the cost implications of each option.
The Prague modern office market entered 2026 in a structurally tight position. Vacancy rates have fallen year-on-year, deliveries of new space will be well below the long-term average this year, and more than half of demand is accounted for by renegotiations of existing contracts. What does this mean for companies that have, are looking for, or are leasing office space?
The Czech Statistical Office has revised its estimate of GDP for the full year 2025 to 2.6% - the strongest growth since 2022. The results beat initial assumptions and suggest that the Czech economy is gaining confidence.
The Prague Building Authority experienced an unusually productive week in mid-March - between 16 and 19 March, four developers received building permits: Horizon Holding, CPI, Geosan and Central Group.
London real estate group Savills has announced the acquisition of US investment bank Eastdil Secured for $1.1bn. This is one of the largest transactions in the industry's history - comparable to JLL's acquisition of HFF in 2019.
Last year, Demaco Group spun off its design and engineering capabilities into a separate entity - DMC Design & Engineering. The decision was made for a simple reason: the team's expertise has far outgrown the needs of the in-house department and opened the way to a wider range of clients and projects.
American office buildings are selling at fractions of their former value — a Chicago tower that once fetched $68 million recently changed hands for just $4 million. MSCI recorded 204 distressed office sales last year totalling $5.2 billion. The numbers are striking, but the structure behind them matters more than the headlines.
