Just as the presence of powerful local property groups in the Slovak capital has prevented international players from entering this small, but dynamic market, an existing ecosystem of coworking operators might well provide the incentive the rising global star needs to look elsewhere. Michal Rudinsky, 108 Agency’s new head of Office Agency, warns that the competitive environment could prove tough. “I don’t know if WeWork will want to come to Bratislava,” he said. “I think there may not be enough space in the market because the current operators are already expanding.”
HB Reavis’s concept HubHub is the most obvious example of a co-working concept, as the developer rolled out a two-floor center over 2,400 sqm at Twin City that currently has 280 members. HB Reavis has taken HubHub abroad opening new centers in Prague, Budapest, Warsaw and London. Meanwhile, Eurovea and Zuckermandel, Bratislava properties associated with the Slovak powerhouse J&T Real Estate offer an up-market coworking concept called 5 Star Offices, which has positioned itself as a luxury hotel for businesses. Eurovea offers over 60 offices, plus high-end services for members, while another 32 serviced offices can be found just up river at Zuckermandel.