Prague flex office market surges 60% in five years

Historically, 2019 remains the strongest year on record, with nearly 30,000 sqm of new flexible space delivered to the market. This milestone reflected strong pre-pandemic expansion and the entry of new market players, resulting in a 23% year-on-year increase in total flexible workspace stock. 

"Since 2021, the market has been gradually stabilising and returning to growth. With 16,400 sqm delivered, 2023 ranked as the second strongest year in the sector's history, while 2025, with 16,000 sqm 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, Head of Office Agency at Savills.

Flexible workspaces are no longer perceived as a short-term solution but 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. Demand is being driven by hybrid work models, the growth of outsourcing companies, the expansion of the startup ecosystem and the entry of new firms into the Prague market.

At the end of 2025, Prague's flexible workspace market comprised 33 operators across 77 locations. The three largest providers - Scott.Weber Workspace (37%), IWG (22%) and WorkLounge (12%) - control approximately 71% of the total flexible workspace stock. The largest volumes of flexible workspace are located in Prague 1 and Prague 4, with nearly 30,000 sqm in each district. The average monthly cost stands at CZK 4,530 (€187) for a hot desk, CZK 6,020 (€248) for a fixed desk and CZK 8,200 (€338) per desk in a private office.

Despite the strong expansion, flex offices still represent only approximately 3% of Prague’s total office stock.