There are 200% more shared offices in Prague than five years ago
Scott.Weber Workspace, the largest operator of flexible and shared offices (known as coworking) in the city, recently opened premises at the Blox center in Dejvice.
Flexible offices currently account for 2.7% of the 3.75 million square meters of office space in Prague, and further growth is expected.
“Flexible shared offices are still mainly the domain of Prague, Brno, Ostrava and some regional cities. For example, in London, but also in other Western capitals, this share is several times higher, which indicates the future growth potential of this segment in our country, “said a real estate market expert from the company of KPMG advisor Pavel Dolak. .
According to the consultancy agency JLL, which publishes quarterly analysis of the Prague real estate market, in the first quarter of the year there were 101,736 square meters of flexible office space in the capital, of which 93,700 square meters were in operation. .
For an additional 8,000 meters, shared office operators have already signed leases but have not yet started operations, according to JLL.
The most shared offices are in Prague 1 (32%), Prague 4 (17%) and Prague 5 (18%). In addition to Scott.Weber Workspace, there are other companies that manage this type of activity, although they represent a smaller market share: Spaces (14%), Regus (11%), HubHub and WeWork (6 % each) are the other most important companies. suppliers.
“The Czech market is characterized by the fact that there are both global and local providers of these offices, but some owners or developers who also offer shared offices are also directly active,” KPMG’s Dolák said.
By 2024, JLL plans to open five more shared office centers with a total area of 12,300 square meters. Of these, Scott.Weber Workspace is planning three, including The Park at Chodov in Prague 11.
“We had the premises of building number three in our sights and we intend to make good use of it. Here again, we will raise the bar for a modern work environment,” said Martin Bare of Scott.Weber Workspace.