MARIAHILF
EUR 4,300 to 6,000/sqm 1.7 to 2.8 %
Investment property prices Yields
Monthly rents (net) in EUR/sqm
Apartments Offices Retail space
Ø 13.50 11.0 to 19.0
30–120
A locations B locations
6–25
The position of Mariahilfer Strasse as a growth driver was undermined but not permanently damaged by the economic slowdown. Investment properties in and near Austria’s most important shopping mile still count among the most popular on the Vienna market. 6., Mariahilf
Good perspectives in “overlooked“ district areas
high acquisition prices, supports steady yields up to 2.8 per cent.
Mariahilf is the second smallest district in Vienna based on size but, nevertheless, its investment property market is highly heterogeneous. This is primarily due to the dominance of the Mariahilfer Strasse, where investment properties play a key role with very high, top category retail rents that can easily match the 1st District.
Hopes of a further upturn in the wake of the “La- marr” shopping centre project led to remarkably high prices for transactions in the surrounding areas during 2021, but have since faded to a certain extent. The spectacular large-scale transactions along the Mariahilfer Strasse often conceal the fact that smaller, but certainly not less interesting market opportunities are available in other areas of the district. Here, the price level ranges from EUR 4,000 to 5,500/sqm. The less expensive areas of the 6th District that extend out of the city along the Gumpendor- fer beltway definitely deserve more attention. They are actually somewhat “forgotten” and, as regards both image and price, in no way show their real potential. For developers and investors, these areas regularly hold opportunities for inves- tments in a comparatively lower priced range.
„Retail space with long-term leases has never been this popular.“
That was also the case in 2022, even though Austria’s most important high street lost mo- mentum as a motor for the investment property market. The lack of transactions and price trends underscore this situation. Good and very good properties were recently available for a square metre price of EUR 9,500, with higher prices possible in special cases. The excellent cash flow generated by the large share of high-priced retail space has become even more popular due to the rising financing costs and, also considering the
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