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Vienna : Office Market Outlook - Q2 2016

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Vienna : Office Market Outlook - Q2 2016

Office take-up in Vienna fell by 9% yearon- year to reach 190,000 sq m in 2015. Comparatively, 2016 has been off to a solid start, with 54,000 sq m of take-up in Q1 2016. Leasing transactions above 1,000 sq m accounted for around half of the total leasing volume in 2015, with the largest occupier deals taking place in the Donau- City District. Both Ernst & Young (10,300 sq m) and Austrocontrol (10,000 sq m) took on leases in the IZD Tower, one of Vienna’s highly sought-after landmark buildings. The Donau-City District is host to the United Nations European Campus and has attracted high profile local and international occupiers alike.

Source : Knight Frank

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