Commercial REThe impact of COVID-19 and consequent restrictions in the Czech Republic have resulted in an uneven development across the real estate segments as overall demand in the industrial segment and retail parks has been rising despite the pandemic. On the other hand, hospitality and office segments are significantly impacted and structural adaptation in 2021 is expected.
The institutional investment and development of rental housing or growth of co-working spaces in the office segment were among the most significant trends that accelerated in 2021.
Further development of each segment in 2021 will continue to largely depend on the economic and COVID-19 pandemic situation.
There will be an increasing trend of dividing shopping centres into good and poor ones, depending on their location and the range of products on offer.
In connection with limited tourism, we can expect a drop in sales of luxury items in shops at the largest shopping streets of global cities, including Prague.