Prague's flexible workspace sector has closed 2025 on a high note, cementing its place as one of the most dynamic segments of the Czech capital's office market. Total flexible workspace stock reached 130,500 m² by December 2025, a 60% increase compared to 2019, according to the Savills report "Flexible Workspaces in Prague 2026." The sector, which has been developing systematically in Prague since 2005, has moved well beyond its startup-friendly origins to become a mainstream, institutionally relevant component of the city's commercial real estate landscape.
The growth story is anchored by two landmark years. 2019 remains the strongest year on record, with nearly 30,000 m² of new flexible space delivered and a 23% year-on-year increase in total stock, driven by new market entrants and pre-pandemic expansion momentum. Despite a temporary slowdown during the Covid-19 pandemic, the sector rebounded strongly: 2023 delivered 16,400 m² of new space, ranking as the second-best year in the segment's history, followed closely by 2025 with 16,000 m² of newly opened product. "Since 2021, the market has been gradually stabilising and returning to growth. With 16,400 m² delivered, 2023 ranked as the second strongest year in the sector's history, while 2025, with 16,000 m² of newly opened space, took third place in terms of new supply. The segment clearly confirms its structural growth and its ability to respond to changing workplace models," says Pavel Novák, Director, Head of Office Agency at Savills Czech Republic.
Market concentration remains high. At end-2025, Prague hosted 33 operators across 77 locations, with three players controlling approximately 71% of total stock: Scott.Weber Workspace (37%), IWG (22%) and WorkLounge (12%). While 86% of the market is operated by third-party providers, the share of landlord-operated flex space is growing, signalling that developers and asset owners are increasingly integrating flexible offerings directly into their buildings rather than leasing to external operators. This structural shift has meaningful implications for income diversification and asset value. "Flexible workspaces are no longer perceived as a short-term solution. They have become a strategic tool for cost and risk management. Companies value the ability to respond flexibly to changes in team size, optimise their real estate portfolios, and operate in high-quality, often premium locations," adds Pavel Novák.
Geographically, Prague 1 and Prague 4 hold the largest volumes, each with close to 30,000 m², but it was Prague 5 that recorded the highest intake of new flexible space in 2025. Prague 4 leads on centre count with 15 locations across 10 operators, followed by Prague 5 with 14 locations and 11 operators, and Prague 1 with 13 centres across nine providers. Premium product dominates, accounting for 93% of total flexible workspace stock. For investors and developers, a critical data point is that flex offices still represent only approximately 3% of Prague's total office stock, a figure well below mature Western European markets where flex penetration of 8-12% is increasingly the norm, suggesting meaningful runway for further expansion, particularly for those with well-located, institutional-grade assets.
Pricing reflects the segment's professionalisation and the tightening of prime supply. The average monthly cost stands at €187 for a hot desk, €248 for a fixed desk and €338 per desk in a private office. In prime locations, moderate upward pressure on rents is anticipated, underpinned by limited availability of modern office space and steady occupier demand driven by hybrid working, outsourcing growth, startup expansion, and the continued entry of international companies into the Prague market. The structural shift from capital expenditure to operating expenditure among corporate occupiers is also reinforcing demand, as companies seek predictable cost structures and the ability to scale space up or down without long-term lease commitments.
"The flexible workspace market has gradually matured and today influences not only the design of individual offices, but the entire office sector. Both occupiers and landlords are responding to evolving conditions, including higher expectations in terms of flexibility and quality of the working environment, and rising interior fit-out costs. Recently, the pace of expansion has moderated, with operators prioritising portfolio optimisation, stable occupancy levels and operational efficiency over rapid network growth," concludes Pavel Novák, Director, Head of Office Agency at Savills Czech Republic.
People and companies mentioned
People:
- Pavel Novák, Director, Head of Office Agency, Savills Czech Republic
Companies:
- Savills, international real estate advisor, author of the "Flexible Workspaces in Prague 2026" report
- Scott.Weber Workspace, Prague-based flexible workspace operator, largest market player with 37% of total stock
- IWG, global flexible workspace provider, second largest player with 22% of total stock
- WorkLounge, flexible workspace operator, third largest player with 12% of total stock
The image used is for illustrative purposes only - generated with ai.
