The Vienna real estate market is characterized by stability by international comparison

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Office take-up in 2015 totalled approximately 210,000 m², which represents a de- crease of 16% over 2014 and 2016 is expected to reach similar figures. Larger transactions are expected to be more common during 2017 and 2018, when new modern office space will come onto the market.
The prime rent remained stable at € 26.0/m²/month. The positive market development was also reflected in the average rents outside the CBD. The annual rent for high-quality properties in good locations increased over 2015 by approximately € 0.25/m²/month to € 0.50/m²/month. In secondary locations, as well as in older office buildings, rents remained relatively stable. The vacancy rate in 2015 stood at 6.35 %, reflecting a drop of 20 basis points com- pared to the end of 2014. This decrease was due to the combination of the low level of new completions during this period and the healthy tenant demand for office space.

Source : BNP Paribas Real Estate

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