There are 200% more flexible offices in Prague than five years ago. Scott.Weber Workspace, the largest operator of flexible and shared offices (so-called coworking) in the metropolis, has recently opened premises in the Blox center in Dejvice. Flexible offices currently make up 2.7% 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, their share is several times higher, which indicates the potential for further growth of this segment here,” says Pavel Dolák 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, shared office operators have already signed leases, but the centers have not yet started operations, according to JLL.
Scott.Weber Workspace, which has a 27% share of the Prague coworking market, has now opened 310 workplaces in Blox on an area of 2,550 square meters. Next to it, Spaces (14%), Regus (11%) and HubHub and WeWork belong to the largest providers of this type of office 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 P. Dolák.
By 2024, JLL expects to open five more shared office centers in Prague with a total area of 12,300 square meters. The average price of membership in a shared office, in which the member has a paid fixed desk (so-called fixed desk), is around 5,400 CZK per month in Prague.