Coworking and flexible serviced offices are the significant trends driving the office property market forward. Millennials, those people born between 1974 and 2004, are currently among the most economically active groups. This generation increasingly prefers the individual approach, high quality services and networking opportunities that coworking centres offer. Such centres are popping up everywhere in the Czech Republic. According to statistics generated by CBRE, a real estate – consultancy company, the number of leased square metres in coworking office buildings in Prague has risen by much as 150% since 2017 (from 25,000 sqm to 65,000 sqm). The share of coworking spaces leased in new lease office spaces grew from 2% in 2017 to 10% by mid-2019.
