​REAL ESTATE MARKET IN 5 MINUTES

Watch the new episode of our brief video overview of the commercial real estate markets, this time focusing on some newspaper headlines that have caught our attention.

– Several recent headlines suggested a cooling demand for industrial properties reaching the Czech Republic. However, it appears to be more of a return to normal than a downturn.
– The retail sector in the Czech Republic is struggling to recover from the pandemic-induced crisis, with real revenues declining since mid-2021. Consumers are spending more in stores, but due to inflation and decreasing real wages, they are taking home fewer goods.
– Companies are cutting costs, and flexible offices in Prague are gaining popularity, the demand for flexible office solutions extending beyond small businesses and startups.
– We also touch on ESG, which means environmental sustainability, social responsibility, and corporate governance. With buildings, including commercial ones, responsible for a significant portion of global carbon emissions, new EU regulations may complicate property transactions.

Full article: 5 minutes in RE | Czech Republic | Cushman & Wakefield (cushmanwakefield.com)