LEOPOLDSTADT Monthly rents (net) in EUR/sqm
Apartments Offices Retail space
Ø 12.60 10.0 to 20.0
11–25
A locations B locations
5–10
BRIGITTENAU Monthly rents (net) in EUR/sqm
LEOPOLDSTADT
Investment property prices Yields BRIGITTENAU
Apartments Offices Retail space
Ø 12.00 10.0 to 19.0
Investment property prices Yields
2,900 to 6,100 EUR/sqm
2,900 to 4,000 EUR/sqm
10–20
A locations B locations
1.5 to 2.5 %
2.3 to 3.2%
5–11
2., Leopoldstadt | 20., Brigittenau Leopoldstadt – and the neighbouring, smaller Brigittenau District – are among the most promising submarkets in Vienna due to their close proximity to the Inner City and, even more, due to the large-scale urban development projects now in progress. Above-average growth is projected for this area over the medium-term.
North and North-west Railway Sta- tions
investment properties in the closer and extended surroundings. Less in the foreground but parti- cularly relevant for the lower cost, more distant locations in these two districts is the upgrading of the waterfront along the Danube River due to the strong impulses resulting from the completion of the Marina Tower. The typically strong transaction activity in this area has weakened in the 20th District, but remains stable in the 2nd District. This reflects the wait-and-see attitude of market participants who are particularly interested in investing in the lively Karmeliter Quarter. It is also a sign of the lack of progress in preparations for the development of the North-west Railway Station and related doubts over the announced timetable. The price level in the 2nd and 20th Districts was more or less stable in 2022, but a decline from the previous highs is expected in 2023.
The “island“ between the Danube Canal and the Danube River with the Leopoldstadt and Brigitte- nau Districts is one of the most attractive areas for urban development in the Austrian capital. The grounds of the former North-west Railway Station in the 20th District represent the last larger inner city open spaces. Over the next two decades, plans call for the construction of several thousand new apartments and accompanying infrastructure at this location – educational facili- ties, green areas, shopping opportunities, offices and hotels.
„The excellent long-term per- spectives are currently not reflected on the market.“
Similar to the positive after-effects of the largely completed development at the former North Railway Station in the 2nd District, this will also have a strong positive influence on traditional
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