Organica tops out in Ostrava, Brno office demand set to rise

Robert McLean

#cee, #proptech, #development a #architecture

Ostrava’s new landmark office building Organica has topped out next to the Nová Karolina shopping center. The developer Contera introduced the project to the public in 2021, having engaged Schindler Seko Architects to complete the design. Tietoevery is the anchor tenant, but other companies like Individual Fitness and COKAFE have also signed deals. The building now stands at 80% leased. Project manager Martin Budina says tenants will be able to start moving in during the second half of next year. Contera is employing a wide range of technical solutions, including the syncing of the building’s HVAC system with weather predictions, charging stations for cars and bikes, solar panels and the re-use of rainwater.

In Brno, 92% of the existing business and IT centers are planning to expand during the next 2 years, and most of them expect to take additional office space. The figures come from a fresh survey by the Association of Business Service Leaders (ABSL). It’s a surprising result for everyone who assumed that employers are looking for ways to cut their office costs. Jana Vlková of Colliers says the Moravian capital is competitive on price, making it easier for companies to consider expansion there. “Premium office space rented in Brno is up to €10 cheaper than comparable offices in Prague,” she points out. “The average lease period for offices in the South Moravian metropolis is five years, which indicates considerable market stability.” ABSL director Jonathan Appleton says Brno scores well among investors because of its large pool of qualified labor pool, and because it’s cheaper. “In their eyes, Brno is the second most sought-after destination in the Czech Republic,” says Appleton. “Thanks to this, the city currently has the highest proportion of employees working in business and IT services.” Brno’s stock of modern office space currently stands at 636,000 sqm.

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