FLORIDSDORF Monthly rents (net) in EUR/sqm
Apartments Offices Retail space
Ø 11.80 10.0 to 17.0
10–20
A locations B locations
5–11
DONAUSTADT Monthly rents (net) in EUR/sqm
Investment property prices Yields FLORIDSDORF
Investment property prices Yields DONAUSTADT
Apartments Offices Retail space
Ø 11.65 10.0 to 20.5
2,000 to 4,300 EUR/sqm
2,200 to 3,600 EUR/sqm
10–30
A locations B locations
2.5 to 3.5 %
2.8 to 3.5%
6–9
These two largest districts north of the Danube River have a rather small stock of investment properties. The transaction volume is, consequently, low despite a recent substantial increase. Developers with expertise in new construction will find a limited number but very attractive opportunities. 21., Floridsdorf | 22., Donaustadt
Between Floridsdorfer Spitz and Kagraner Platz
ding, higher prices can be realised on the sale of existing buildings.
Vienna’s largest districts are only marginal play- ers as regards the investment property market, with only selected hotspots offering a notable supply of apartment houses built before 1945. However, dynamic population growth, the resul- ting improvement in traffic connections to the city centre and the urbane infrastructure are also creating new impulses for these smaller markets. Market volumes were rather low in 2022 with EUR 44 million in Floridsdorf and EUR 13 million in Do- naustadt. However, this represents a plus of over 20, respectively 85 per cent in year-on-year compa- rison – a development which shows that it pays for developers and investors to take a closer look at the frequently unnoticed districts east of the Danube. Properties in these two districts are interesting, above all for developers specialised in new con- struction. Demolition permits for older buildings are somewhat easier to obtain here than in the classical 19th Century quarters of other districts. A substantial increase in usable space and ear- nings is normally possible with new construction and, with some fantasy for demolition and rebuil-
„Demolish and rebuild is the dominant model north of the Danube River.“
The largest stock of investment properties north of the Danube River is located near the Floridsdor- fer Spitz – which has become more attractive as a residential location due to the excellent suburban railway and underground connections, close pro- ximity to the Alte Donau recreational area and nu- merous shopping areas – and also at the Brünner Strasse which has its starting point here. Nearly all of the district’s large investment property transac- tions took place at these locations. Attractive properties and properties suitable for demolition/new construction can also be found in the 22nd District, primarily near Kagraner Square. This area has taken on the role of a local cent- re due to the nearby major urban development projects (Berresgasse, Hausfeld etc.) and was the location for the two largest transactions in the previous year.
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