Friday, 24 October 2025
The IDEA Office Building in Prague’s Anděl district has reached full occupancy following the arrival of two new tenants: Scott.Weber Workspace and the Embassy of Japan. The addition of these organizations further strengthens the building’s position as a business address that connects both commercial and diplomatic activities in the area.
The property, part of the NEMO real estate fund, recently underwent a significant transformation. Following the departure of its long-term tenant Hello Bank!, the building was modernized and repositioned for multiple tenants. According to Českomoravská Nemovitostní (ČMN), which established the NEMO fund and manages its assets, the strategy has proved successful. The building’s BREEAM “Very Good” certification, flexible layout, and proximity to public transport have contributed to attracting new occupiers.
“IDEA Office Building has evolved from a single-tenant to a multi-tenant property and is now fully leased,” said Pavel Kadera, Asset Management Specialist at ČMN. “Anděl remains one of Prague’s most attractive office locations, especially for flexible workspace providers. Demand here has been consistently high, and our approach is to provide tenants with quality facilities and comprehensive support.”
The new branch of Scott.Weber Workspace, the leading flexible office operator in the Czech Republic, joins 17 other locations the company operates nationwide. The building also now accommodates offices for the Embassy of Japan. The arrival of both tenants reflects a wider trend in Prague’s office market, where demand for flexible workspaces has increased sharply. According to a Cushman & Wakefield report (April 2025), the total supply of flexible offices in the Czech Republic rose by nearly 30% between 2022 and 2024.
Despite high demand for office space in Prague 5, vacancy rates remain slightly above the city average. A Savills report from Q2 2025 places overall vacancy in Prague at 6.6%, with Prague 5 at 8%. The IDEA Office Building’s full occupancy stands out in this context.
Flexible offices now account for approximately 3.4% of total office supply in Prague, or about 136,000 square metres, according to Cushman & Wakefield data. Tenants increasingly expect environments that encourage creativity, provide a range of on-site services, and deliver a high level of customer care.
Kadera noted that while demand for flexible offices continues to grow, traditional leasing models remain dominant. “We expect the market to stabilise with about 80% of space in traditional leases and 20% in flexible formats. This balance reflects both tenant preferences and the requirements of investors and lenders,” he said.
The IDEA Office Building, formerly known as Anděl 16, was completed in 2005 as part of the Anděl City development. The 7,200-square-metre complex is located near the Anděl metro station and Smíchovské nádraží, offering convenient transport connections. It also features a landscaped courtyard garden, providing tenants with a quiet outdoor space within the urban centre.
