© Franz Brück
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The Austrian Provincial Capitals
Linz – low vacancies, high share of shopping centres
Data and facts on the retail market in Linz
The Upper Austrian capital also successfully held vacancies at a traditionally low rate in 2022/23. This positive development was supported, among others, by the four strong inner city shopping centres (which are responsible for nearly 40 per cent of the inner city retail space). Another shopping centre at Schillerpark is currently in the design phase, and its realisation would sustain- ably improve the commercial area along the southern part of the Landstrasse. The important peripheral shopping locations, Plus City and the large retail park cluster in Leonding, have done reasonably well with low vacancy rates and good visitor frequency from consumers throughout the province. The vacancy rate in the inner city is very low at 3.7 per cent, while turnover remains high at 12 per cent but has stabilised after a longer upward trend. The most notable changes inclu- de branch closings by dm, Subway und North- land. Nespresso has relocated to a new location and Hansaton opened a new branch. Part of the space occupied by the former textile discounter Texhages is undergoing conversion into apart- ments and offices.
Retail space city
144,300 sqm
Ø Shop size Vacancy rate
182 sqm
3.7 %
Fluctuation rate
12.0 %
Rents in Linz
Location
Net rent EUR/sqm/month
Shopping streets prime locations Shopping streets sec. locations
95 22 57
Shopping malls
Source: Standort + Markt 2022/23
Salzburg – difficult location in the city centre
The retail market in this city centre is influenced by the still incomplete recovery of tourism (especi- ally the sharp drop in bus tourists compared with pre-COVID years) to a significantly greater extent than any other provincial capital. Combined with very ambitious rents in and around the central shop- ping axis on the Getreidegasse, this has caused
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