Introduction
General economic weakness and inflation have created a challenging environment for the Austrian retail trade since 2022, and the bankruptcy of SIGNA Holding brought a flood of negative headlines for the retail property market. However, the feeling is gloomier than real life. Strong population growth and the boom in city tourism have created major positive im- pulses for the metropolitan area. The sharp drop in the production of new space and the reduction of space at weaker locations are leading to a decline in the total selling space and low vacancy rates.
And good news can also be found in unexpected corners: After years of a steady reduction in selling space, an increasing number of companies in the fashion branch are again expanding. But numerous challenges remain: Rents are under pressure at many locations, while users expect more flexible lease terms and conditions as well as a positive shopping experience. These exciting and challenging times are full of risks and opportunities, and the experienced EHL retail team will be happy to stand by your side.
Michael Ehlmaier FRICS
Stefan Wernhart MRICS
Managing Partner EHL Immobilien GmbH
Managing Director EHL Gewerbeimmobilien GmbH
Mario Schwaiger
Alexandra Bauer MRICS
Head of Retail Properties EHL Gewerbeimmobilien GmbH
Head of Office Agency EHL Gewerbeimmobilien GmbH
Austria | 2024/25
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