Completions | Rentals
Landlord market in prime locations
Both the production of new space at 45,800 sqm and the vacancy rate at 3.6 % will reach historic lows in 2023. In 2024, completions will remain subdued at just under 110,000 sqm, so the situati- on will remain tense.
This will lead to rising rents and declining incen- tives in particularly sought-after locations, for example in and around the city centre, the main railway station, Praterstern and Lassallestrasse.
Take-up by regions*
Completions 2023/2024
Property VIO Plaza
Size
Address
7 %
22,600 sqm 12; Schönbrunner Strasse 230 15,000 sqm 10; Wienerbergstrasse 3-5 4,700 sqm 10, Laxenburger Strasse 2B
9 %
Myhive am Wienerberg URBAN GARDEN
26 %
Gösserhalle
10 %
Muthgasse 109A
3,500 sqm 19; Muthgasse 109A
FRANCIS
47,700 sqm 9; Althanstrasse
Twenty One/Central Hub
26,000 sqm 21; Siemensstrasse 87-89
12 %
22 %
CARRÉ Muthgasse Grand Central ROBIN Seestadt
13,000 sqm 19; Muthgasse 105
14 %
12,500 sqm 21; Schlosshoferstrasse 17
10,100 sqm 22; Seestadt
Western Region Inner City | Surroundings Northern Region Southern Region | Wienerberg Vienna Donau City | Surroundings Eastern Region | Erdberg Lassallestrasse | Messe | Prater
Source: EHL Market Research | Q3 2023
Rentals 2023 (selected examples)
Take-up by sectors*
4 % •
• 2 %
Tenant
Size Address
aws Austria Wirtschaftsservice GmbH
5,500 sqm 12; Vio Plaza 5,000 sqm 3; City Point
27 %
15 %
Public sector tenants Public sector tenants
3,700 sqm 1; Deutschmeisterplatz 2
Medical services
3,500 sqm 9; Francis
15 %
Woom GmbH
3,300 sqm 19; Muthgasse 109A
Austria Power Grid
3,100 sqm 22; IZD- Tower
20 %
ECOVIS Austria Wirtschaftsprüfungs- und Steuerberatungsgesellschaft m.b.H.
17 %
2,900 sqm 12; Vio Plaza 2,700 sqm 3; Orbi Tower 2,400 sqm 12; Vio Plaza
Gewista
Public sector Pharma und health Trade and services Law firms, consultants, tax advisors IT | high-tech Educational and trainings institutions Other
Brandl Talos Rechtsanwälte GmbH
Plus Training OG
2,300 sqm 19; Mooslackengasse 17
Stadt Wien
2,100 sqm 3; TownTown 2,000 sqm 21; Grand Central 2,000 sqm 12; Vio Plaza
Medical services Medical services
* Take-up > 1,000 sqm included Source: EHL Market Research | Q3 2023
EHL provided consulting services to tenants and/or lessors.
Source: EHL Market Research | Q3 2023
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