There are 200 percent more flexible offices in Prague in five years
Flexible offices currently make up 2.7 percent of the 3.75 million square meters of office space in Prague, and further growth is expected. This follows from the analysis of real estate consulting company JLL and information from Scott.Weber Workspace.
“Flexible shared offices are still the domain of Prague, Brno or Ostrava, or some regional cities. However, in London, for example, but also in other western capitals, this share is several times higher, which indicates the potential for further growth of this segment in our country,” said Pavel Dolák, an expert in the construction industry and real estate market from the consulting company KPMG.
According to the consulting agency JLL, which publishes an analysis of the Prague real estate market every quarter, in the first quarter of the year there were 101,736 square meters of flexible offices in the capital, of which 93,700 square meters were in use. For another 8,000 meters, lease agreements have already been signed by shared office operators, but the centers have not yet started operations, according to JLL.
Scott.Weber Workspace, which has a 27 percent share of the Prague market, opened 310 jobs in Blox on an area of 2,550 square meters. In the spirit of the so-called Japandi style, which combines Japanese and Scandinavian aesthetics, the company introduced the company, which has become one of the top providers of shared office space in Prague over the past two years.
The most shared offices are in Prague 1 (32 percent), Prague 4 (17 percent) and Prague 5 (18 percent). In addition to Scott.Weber Workspace, Spaces (14 percent), Regus (11 percent), HubHub and WeWork (six percent each) belong to the largest providers in the metropolis. “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,” said Dolák from KPMG.
By 2024, JLL expects 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 our eye on the space in building number three and we intend to use it appropriately. We are going to raise the bar for a modern work environment here again,” said Martin Holý from Scott.Weber Workspace. The office will include, among other things, a golf trainer.
The average price of a membership in a shared office, in which one has a fixed place (the so-called Fix Desk), is 5,400 crowns per month in Prague.