First Vienna Residential Market Report | 2020

FIRST VIENNA RESIDENTIAL MARKET REPORT | 2020

1020 LEOPOLDSTADT

CENTRAL DI VERSITY

L EOPOLDSTADT IS ONE OF Vienna’s largest downtown development zones, and a highly sought-after district as re flected in the construction projects: development on what was once the Nordbahnhof railway station is already halfway to completion. This gradual development should see around ten thousand residential units and twenty thousand jobs created in the area by 2025.

ALONG THE BANKS OF THE DANUBE, DONAUUFER IS expe- riencing a revival with residential high-rises such as "MARINA TOWER" alongside the Second District’s other high-rise projects in develop- ment. Other hotspots in the district include the Vienna University of Economics and Business (WU) Campus, Stuwerviertel, and the Prater. ×

Nord- bahnhof

U Praterstern

U Schottenring

Stuwer- viertel

WU- Campus/ Messe

U Stadion

U Schwedenplatz

Handelskai

Hauptallee

Prater

U Donaumarina

Praterkai

HOTSPOTS

SPECIAL FEATURES OF DISTRICT The Consumption Oriented Sinus-Milieu ® is especially heavily represented in Leopoldstadt. This milieu appreciates the district’s urban grätzel struc- ture of small Viennese neighbourhoods with their traditional pub and tavern life, while attaching great importance to affordable housing and budget shopping opportunities. Located between Donaukanal and the Danube, greats of the Second Dis- trict included Johann Strauß, who composed The Blue Danube waltz at Praterstraße 54 in 1867.

The district’s location places it within easy reach of other districts and a variety of recreational and leisure activities in Leopoldstadt. Augarten is one of the oldest and most culturally significant parks in the city at more than fifty-two hectares – ideal for long strolls outdoors. The Vienna Prater, nearby football stadium, and Praterallee provide not only a district for leisure, but also a recreational area for active sports fans as well as spectators. Leopoldstadt is especially popular due to the green areas taking up almost forty-five percent of the total area of the district.