HubHub, the co-working concept from international real estate developer HB Reavis, has announced the opening its first space in Hungary by the end of this year. The debuting brand will occupy a total area of 2,400 sqm at the well-known downtown hub, Király street. The new office is not only about state-of-the-art space, but education, the pooling of talent and community building will also be strong pillars of its presence.

The area of shared offices in Prague will grow by 66% year-on-year. At the end of 2017 the total area was 16,500 sqm, and in 2018 it will increase to 27,500 sqm as the market delivers 11,000 sqm. The majority of these centres have been pre-leased. Shared offices are used in the regions as well. There are 76 coworking centres across the Czech Republic with a total area in excess of 25,000 sqm. According to Cushman & Wakefield’s estimates, the current area of shared offices will double by 2020.

In March 2018, Business Link and Skanska jointly launched a new business space located in the centre of Krakow. The High5ive office complex provides nearly 4,000 sqm of space, offering 140 offices, 24 co-working areas and 5 conference rooms. The project, following investments in Warsaw and Poznan, is another flexible office space opened jointly by Business Link and Skanska.

One of the fastest growing co-working chains has announced its entry into the Czech market. Business Link, hosted by Skanska, will open its first location in Prague in July of this year. At the Visionary office building located in Prague 7, the company will offer around 4,700 sqm of co-working space, including space for approx. 100 people, 159 private offices, and five conference rooms.

Demand for flexible workspace across the world saw record growth in 2017, according to the latest research from Cushman & Wakefield. The firm’s Co-working 2018 report reveals the extent to which the sector has evolved and matured with the UK leading the way globally.

Cushman & Wakefield signed a strategic partnership agreement with Polish start-up ShareSpace, recognizing the rapid growth of modern coworking office space for start-ups and SMEs, and changing office lease preferences of large corporations. Both partners will work together to further their expansion and promote technological and commercial solutions for flexible office leases.