Introduction
Consequently, supply and demand will remain balanced over the short- to medium-term in spite of the difficult economic environment. The market continues to function, but is now different: cost efficiency, social distancing and the combination of office and remote workplaces have become the determining factors for location and investment decisions. Taking the right decisions for the long-term in today’s environment requires extensive know-how, and the EHL office specialists are committed to supporting you in developing your real estate strategy.
It is a well known fact that crises never arrive at an opportune moment. However, when a market is generally healthy and robust, the chances are good that the challenges can be mastered efficiently and within a reasonable period. Fortunately, the Vienna office market was in good condition right up to the corona lockdown: The first-class projects which have been, or will be, added to the market this year after the record low in new space production during 2019 have, for the most part, been pre-let and the vacancies in existing properties are steady at a very low level.
Michael Ehlmaier FRICS Managing Partner EHL Immobilien GmbH
Stefan Wernhart MRICS Managing Director EHL Gewerbeimmobilien GmbH
Alexandra Bauer MRICS Head of Market Research EHL Gewerbeimmobilien GmbH
Thomas Schanda Head of Office Properties EHL Gewerbeimmobilien GmbH
Franz Pöltl FRICS Managing Partner EHL Investment Consulting GmbH
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