These are uneasy times for office developers in Brno. Not that it’s easy for developers in any city, post-pandemic, but the robust growth the office sector once enjoyed thanks to new high-tech investments has slowed in recent years. Lukas Netolicky, Cushman & Wakefield’s Head of Regional Cities in the Czech Republic, says there’s little doubt that with at least 26,000 sqm of brand-new space due to hit the market this year, it’s a virtual certainty that vacancy (already +13%) will rise. The big question is: who will take the hit . . .
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