"According to Savills European Office Occupancy Rates Report, Prague has, for the first time since the pandemic, surpassed the 60% threshold for physical office occupancy, reaching 61% in October this year. Compared to 2022, occupancy has increased by an impressive 23 percentage points. Despite this rise, Prague ranks third in Europe, following Madrid (66%) and second London's West End (63%). Wednesday is the busiest day for Prague offices, with physical occupancy reaching 66%. While less than half of employees in European cities go to the office on Fridays, Prague shows an upward trend with 53% occupancy on that day."

"According to the Savills Global Warehousing Costs 2024 analysis, Prague is the only European city where the total costs associated with operating premium industrial properties decreased year-on-year, by 1.8%. In contrast, these expenses increased in neighbouring Poland, with rises of 5.7% in Wrocław, 5.8% in Warsaw, 8.7% in Katowice, and as much as 11.2% in Poznań."

"According to the Savills European Real Estate Logistics Census, the Czech Republic is becoming a key destination for industrial tenants' expansion within Central and Eastern Europe. The results show that 44% of companies planning to expand in the Czech market come from the logistics sector, specifically third-party logistics (3PL). Additionally, 41% of companies are in the manufacturing sector, and 15% are from the retail sector. In terms of preferred space for expansion, 59% of occupiers who plan to expand in the Czech Republic intend to lease big-box units of 10,000–39,999 sq m. A further 34% are considering mid-box units of 5,000–9,999 sq m."

"Extreme heat, droughts, or floods will become more frequent, and the ability of cities to prepare for these climate changes will play an important role. In terms of heat, the top three cities in the new Savills Heat Resilience Index are Helsinki, Copenhagen and Stockholm. Index assesses 30 global cities best prepared to deal with extreme urban heat. Here, extreme temperatures and days over 30°C are rare, while progressive policy around ESG helps to mitigate the effects of extreme weather on their populations. In the comprehensive Heat Index, Prague was not evaluated. However, according to statistics from the Czech Hydrometeorological Institute, there were a total of 26 days in Prague in 2023 (station Prague-Vinohrady) where the temperature exceeded 30° C, placing Prague among the "cooler" cities."

"According to Savills Rental Housing in Prague report, the share of residential transactions[1] within total investment volumes has been increasing since 2023. In the first half of 2024, it reached almost 18%, equivalent to EUR 158 million. In the second quarter alone, it accounted for 22% of the total volume. These recently completed transactions mainly involve rental housing projects, such as Vysočanský mlýn, purchased by the MINT Residential Fund, Nová Elektra, acquired by AFI Europe, and the purchase of Rezidence U Šárky, Xplace Hranička/Waltrovka and Xplace Milovice by the Prague Archdiocese. Historically, the share of residential transactions, which comprised mostly single apartment buildings, did not exceed 5%.     "

"According to the 2024 Savills Nearshoring Index study, the Czech Republic is the second most attractive location for industrial occupiers looking to ‘nearshore’ supply chains. Portugal ranks first, Poland in third place, Sweden being fourth, and Japan rounding out the top five."

"The international company Savills, which provides advisory services in the commercial real estate sector, is moving its headquarters as of March 2025, to new office space within the Masaryčka project in the centre of Prague. Globally recognized as a leader in its field, Savills additional 50% floor space will give it the foundation to expand its headcount towards 100 employees over the next phase of the business."

"According to the latest Savills Executive Nomad Index, Dubai has retained its lead position as the most sought-after destination for executive nomads, for the second consecutive year. Meanwhile, UAE capital Abu Dhabi is hot on its heels, moving from fourth place to second this year, with the UAE taking the top two spots on the index. Additionally, six Caribbean island nations have made it into the TOP 25, along with the newly included Palermo in Sicily."

"According to Savills research „European Grocery Market 2024“ the European grocery sector has a positive growth outlook for the coming years. Improving consumer confidence, inflation slowly returning to target rates and a forecasted rise in retail sales bode well for consumers, retailers and investors alike. In Europe, the highest growth in retail sales in 2025 is expected in the Czech Republic and Belgium, with a 6% increase anticipated in both countries."

"Savills plc, the international real estate advisor, today announces its unaudited results for the six months ended 30 June 2024."