Here there are apparently differences between the price expectations of owners and potential tenants, which explains why some space has remained vacant for several months. Rents now range up to EUR 600/sqm for smaller spaces and up to EUR 450/sqm for larger units – which is quite ambitious, even for Austria’s most expensive address by far. The strong demand for prime space has influenced the Inner City’s other shopping streets in different ways: Streets that have become more attractive
due to local measures (above all, traffic calming) are benefitting from the overflow from top locations – positive examples include the Herrengasse and Rotenturmstrasse – while rents on other streets have come under pressure. The outlook is good for locations with prospects of new near-term impulses, for example the revitalised Petersplatz and the Habsburgergasse with its planned meeting zone.
New lettings Inner City 2022/23 (excerpt)
Goldenes Quartier
Dior
Louis Vuitton
Van Cleef & Arpels
Saint Laurent
Stephans- platz
Moncler
Longines Boutique L’Occitane L’Occitane
3SI Luxury Real Estate- Showroom
Haas Haus
Thomas Sabo
Tommy Hilfiger
Fashion
1
Fashion
2
Jewellery
3
Fashion
4
Fashion
5
6
Real Estate
Steffl
Fashion
7
Watches
8
Cosmetics
9
Boggi Milano
10
Fashion
11
Jewellery
Hofburg
Meeting zone Pedestrian zone
Staatsoper
11
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