Retail Market Report Austria | 2022/23

The very encouraging development of retail trade in the Tyrolean capital – at least up to the outbre- ak of the Ukraine crisis and the related economic distortions – is also reflected in improved indicators. The vacancy rate recovered surprisingly fast and declined noticeably after a temporary rapid in- crease during the corona crisis. With vacancies of only 2.4% (in other words, minus two percentage points versus the previous year), Innsbruck again ranks as one of the absolute top cities. The turnover rate has also returned to a below average level of 12.7%. A number of attractive new outlets opened during the past 12 months, including Swing Kitchen and Vero Moda. There were virtually no larger returns of space, contrary to other major Austrian mar-

kets, and the only closing was the BIPA drugstore branch on Bozner Square. The share of space oc- cupied by clothing retailers has not declined des- pite the general trend, but even increased slightly. It is higher than all other provincial capitals at 33% and only outranked by the share of textile outlets at Vienna’s prime locations.

Rents in Innsbruck

Location

Net rent EUR/sqm/month

Shopping streets prime locations Shopping streets secondary locations

100

29

Shopping malls

92 Source: Standort + Markt 2021/22

Retail locations in Innsbruck

Shopping Malls Space 1 Cyta Shoppingwelt 67,500 sqm 2 dez 65,000 sqm 3 Kaufhaus Tyrol 32,800 sqm 4 Sillpark 29,500 sqm 5 west 16,200 sqm 6 Greif Center 13,600 sqm 7 Rathaus Galerien 9,000 sqm

1 2 3 4 5 6 7 8 9

THAUR

HUNGERBERG

10 11 12 13 14 15 16 17 18 19 20 21 22 23

RUM

HALL IN TIROL

Retail Park Clusters 8 Neurum 9 Innsbruck Ost 1 10 Innsbruck West 11 Innsbruck Ost 2

REICHENAU

Maria- Theresien- Straße

87,600 sqm 41,100 sqm 21,900 sqm 8,400 sqm

HÖTTING

GEWERBE- GEBIET ROSSAU

6

5

A12

HÖTTINGER AU

WILTEN

VÖLS

INNSBRUCK- IGLS

A13

PRIME LOCATION

Maria-Theresien-Strasse, Herzog-Friedrich-Strasse, Pfarrgasse

Source: Standort + Markt Beratungsgesellschaft m.b.H.

19

Powered by