Current completions
The office market: quality offensive vs. cost consciousness
Property
Address
Usable space
VIENNA TWENTYTWO, Bauteil 1+3
1220, Dr.-Adolf-Schärf-Platz 10
24,000 m 2
TWENTY ONE, CENTRAL HUB
1210, Siemensstraße 87-89
22,500 m 2
LeopoldQuartier OFFICE
1020, Obere Donaustraße 25
22,000 m 2
CARRÉ Muthgasse
1190, Muthgasse 105
13,000 m 2
Silo Next
1230 Lemböckgasse 57
9,000 m 2
MC 15
1030, Modecenterstraße 15
8,700 m 2
VILLAGE WORKS
1030, Adolf-Blamauer-Gasse 25
7,300 m 2
Fokus On
1190, Heiligenstädter Lände 19
3,000 m 2
The Vienna office market is currently caught between two opposite poles: cost consciousness and quality optimisation. Many companies are faced with so-called “stay versus go” decisions, meaning the need to evaluate a longer stay in their cur- rent facilities or relocate to new projects.
Companies are also reacting to these rising price levels with the more efficient use of their office space. Flexible and hybrid working models like desk sharing and adaptable office concepts help to adjust space requirements and cost structures.
The last and most recent completions include, in particular, the LeopoldQuartier OFFICE close to Vienna’s inner city, the striking VILLAGE WORKS near the railway station, the excellently refurbished enna – the-work-life-building, and the architectural- ly distinct CARRÉ Muthgasse. The planned completion of the DC2 – 2WORK. 2LIVE. 2BE in autumn 2026 will mark the realisa- tion of Austria’s most innovative office tower with its integrated photovoltaic facade.
DC2 – 2WORK. 2LIVE. 2BE
1220, Donau-City-Straße
29,000 m 2
enna – the-work-life-building*
1030, Erdberger Lände 40-48
22,500 m 2
Vordere Zollamtsstraße 3*
1030, Vordere Zollamtsstraße
14,000 m 2
Salzgries 12*
1010, Salzgries 12
2,700 m 2
*General refurbishment
Source: EHL Market Research | Q1 2026
New projects are attractive with their innovative, efficient and
Vacancy rates in European comparison (in %)
Prime rents in European comparison(in EUR/m 2 /month)
technically advanced equip- ment standards. At the same time, the rising demands on sustainability, energy efficiency and building quality lead to hig- her construction costs, which puts the underlying economics at a higher level compared with existing buildings. Location changes are strategi- cally used to create modern, staff-oriented and sustainable
Location changes are strategically used to create modern, staff-oriented and sustainable working en- vironments.
13.9 (13.2)
Budapest Paris (Central)
London (Central + West End)
174.0 (179.5)
12.5 (12.8)
Paris (Central + CBD)
104.0 (104.0)
Bucharest
12.1 (12.7)
67.0 (62.5)
Milan
Frankfurt
12.1 (11.2)
58.0 (55.0)
Munich
Best location 19.0 - 35.0
10.1 (9.6)
Frankfurt
54.0 (54.0)
Milan
Warsaw
Amsterdam
49.0 (47.5)
9.1 (10.8)
Madrid
9.0 (8.6)
Berlin
47.0 (46.0)
working environments – a development that is also reflected in higher rents and equip- ment costs. This has led some companies to decide, at least temporarily, in favour of a longer stay at their existing locations for financial reasons.
Average location 13.0 - 16.0
Berlin
8.9 (7.9)
Madrid
45.0 (43.5)
Good location 15.0 - 19.0
London (Central)
8.5 (8.3)
Warsaw
31.0 (30.0)
Munich
7.9 (8.1)
Prague
30.0 (30.0)
29.5 (29.0)
London (West End)
7.0 (6.4)
Vienna
Amsterdam
6.8 (6.4)
Budapest
28.0 (25.5)
Bucharest
5.9 (6.6)
Prague
20.5 (20.5)
5.4 (4.8)
Paris (CBD)
Data in EUR/m2/month | EHL Rent Tables of 100 previously built or generally refurbished office buildings at various locations Quoted rents, first tenancy
Vienna
3.8 (3.6)
Source: EHL Market Research | BNP Paribas Real Estate | Spring 2026 (compared to vienna Autumn 2025)
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