Prague ranks among European cities with the highest projected growth in flexible office space, driven by a shortage of new office buildings and growing corporate demand for services.
According to Colliers data, flexible office space in the EMEA region more than quadrupled between 2010 and 2024, with office centers rising from approximately 1,450 to more than 4,358. The market is expected to grow fastest in London, Prague, Amsterdam and Berlin.
"Flexible projects are bringing a service-oriented philosophy to the office segment. Traditional landlords are gradually adopting this approach as well, expanding their service offerings and adapting spaces to users' real needs," says Jana Vlková, Director of the Workplace Advisory and Office Agency division at Colliers. She notes that an office is no longer just a space, but a service, with focus shifting to value per user rather than per sqm.
Location preferences are also shifting, with operators increasingly targeting city centers. While 34% of new flexible projects were launched in city centers in 2023, this figure rose to 47% by 2025. Building owners are integrating flexible offices directly into their projects, with more than 311 flexible office projects launched by business owners since 2020 in the EMEA region.
A Colliers model comparison shows costs are converging between flexible and traditional offices. A company using 250 workstations for 400 employees would pay approximately €1.09 million annually for traditional offices in Prague versus roughly €1.35 million for flexible offices. However, when including initial investment costs over ten years, total costs effectively even out, with flexible offices requiring minimal upfront investment compared to €3 million for traditional office fit-outs.
