"Flexible shared offices are still primarily the domain of Prague, Brno or Ostrava, or some regional cities. For example, in London, 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 the expert on the construction industry and the real estate market from the consulting company KPMG Pavel Dolák.
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.
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 sights set on the premises in building number three and we intend to make proper use of it. We are going to raise the bar for a modern working environment here again," said Martin Bare from Scott.Weber Workspace.