News

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News

Office Space

Prague office market saw a major decrease in new supply in Q1 2021

"The volume of construction completions in Q1 2021 ranked among the lowest quarterly levels in the history of the Prague market, with only 3,500 sq m added to the office inventory. This is the least since Q1 2016 and demonstrating a 82% drop compared to the previous quarter. The decline is even more significant in a year-on-year comparison, showing a 85% drop."

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News

Industrial and Logistics

Construction volume of industrial buildings in the Czech Republic reached an all-time high in Q1 2021

"According to Savills latest report the development pipeline for the Czech industrial market reached the highest level in history in Q1 2021. There were 47 industrial buildings in various stages of construction with a total rentable area of 734,200 sq m across the country. Speculative projects represented 36% of this construction pipeline, which was well below the 10-quarter average of 46%."

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News

Cross Sector

Savills introduces strategic advisory services in EMEA

"Savills has recently expanded its offer to include a dedicated Strategic Advisory EMEA team, bringing together the firm’s multi-disciplinary expertise from across the EMEA region to advise clients on all aspects of their strategy from conception through to completion."

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