Retail Market Report Austria | 2022/23

the Achilles heel of this retail location during the corona-related restrictions. Most of the shops, especially in the city centre, rely on tourists as their principal target group, and this focus was primarily responsible for a sharp rise in the vacancy rate from 3.1% to 6.6% – a level that places Salzburg far behind the larger Austrian cities.

metres) by roughly 700 square metres. This trend is also a result of the exit of several well-known, prestigious shops, for example Massimo Dutti, Kult, Hallhuber, Jack Wolfskin and Salamander. In addition to the weakness in tourism, the high rents have undoubtedly contributed to the increase in vacancy rates.

"The inner city locations in Salzburg have a significantly above-average share of gastronomy."

Rents in Salzburg

Also noticeable is the high share (32%) of space occupied by gastronomy and other services. The gastronomy sector alone is responsible for 29% of the retail space in the branch mix - and has al- ready outpaced the textile sector (20,000 square

Location

Net rent EUR/sqm/month

Shopping streets prime locations Shopping streets secondary locations

116

38

Shopping malls

100

Source: Standort + Markt 2021/22

Retail locations in Salzburg

Shopping Malls

Space

A1

1 Europark 50,700 sqm 2 Designer Outlet Salzburg28,000 sqm 3 Shopping Arena 21,500 sqm 4 ZiB Shoppingcenter 15,500 sqm 5 FORUM 1 15,000 sqm 6 Kiesel 7,000 sqm 7 Zentrum Herrnau 5,500 sqm Retail Parks 8 Shopping City Wals 10,100 sqm

FREILASSING

ELISABETH- VORSTADT

LEHEN

SCHALLMOOS

TAXHAM

MÜLLN

NEU- MAXGLAN

Retail Park Clusters 9 Alpenstraße

Getreidegasse

SIEZENHEIM

RIEDENBURG

AIGEN

44,200 sqm 39,200 sqm 21,400 sqm 17,300 sqm 10,400 sqm 6,500 sqm

NONNTAL

10 Siezenheim

11 Maxglan

LEOPOLDSKRON-MOOS

SALZBURG-SÜD

12 Sterneckstraße

13 Liefering

14 Lehen

MORZG

A1

Projects 15 Europark expansion

PRIME LOCATION

8,500 sqm

Getreidegasse, Kranzlmarkt, Alter Markt, Sigmund-Haffner-Gasse, Universitätsplatz, Judengasse

23

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

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