Office Market Report Vienna | Autumn 2021

Completions | Rentals

Quality at the centre of location search

A clear quality offensive can now be observed on the Vienna office market, whereby the trend is moving towards a modern image and optimal em- ployee satisfaction. Demand is concentrated on innovative properties with perfect infrastructure and traffic connections.

Tenant demand is particularly high for locations in the inner city and adjoining vicinities, the region surrounding the main railway station, and the area around the Praterstern and the Wienerberg.

Take-up by regions*

4 %

6 %

Completions 2021

26 %

12 %

Property

Size Address

Austro Tower

28,000 sqm 3, Schnirchgasse 17 17,000 sqm 10, Canettistraße 5 14,500 sqm 1, Schottengasse 6-8 6,000 sqm 9, Peregringasse 2-4 5,200 sqm 2, Stella-Klein-Löw-Weg 8 2,000 sqm 1, Operngasse 6 53,000 sqm 2, Lassallestraße 5 24,000 sqm 2, Lassallestraße 1 14,800 sqm 21, Siemensstraße 87-89

12 %

Tower Canettistrasse Haus am Schottentor *

23 %

Doppio Due *

17 %

Tribüne Viertel Zwei *

Operngasse 6 *

Lassallestraße | Messe | Prater Main Railway Station | Quartier Belvedere Southern Region | Wienerberg Northern Region

Quartier Lassalle 2* Quartier Lassalle 1*

Twenty One/Innovation Hub

Inner City | Surroundings Eastern Region | Erdberg Other

Das Lebendige Haus *

9,000 sqm 1, Postgasse 8-10

Technologiezentrum Seestadt, TZ 3

4,800 sqm 22, Christine-Touaillon-Str. 11 3,800 sqm 4, Schwarzenbergplatz 2,500 sqm 1, Schreyvogelgasse 2

Lukoil- Headquarter* Schreyvogelgasse 2*

Take-up by sectors*

* Refurbishment

Source: EHL Market Research | Q3 2021

• 2%

4% •

5%

Rentals 2021 (selected examples)

8%

42 %

Tentant Size Address Austrian Workers‘ Compensation Board AUVA 9,100 sqm 10, myhive am Wienerberg waff – Vienna Employment Promotion Fund 7,400 sqm 2; Quartier Lassalle Austrian Public Employment Service 5,500 sqm 10; Favoritenstrasse 73 Red Bull Media House GmbH 5,240 sqm 2; Tribüne Viertel Zwei Research Company 6,000 sqm 21; TwentyOne Wien bpv Hügel Rechtsanwälte GmbH 2,800 sqm 1; Schreyvogelgasse 2 Infoscore Austria GmbH 2,300 sqm 10; QBC 1+2 Weidinger & Partner Wirtschaftstrainings- und Organisationsentwicklungsgesellschaft mbH 2,200 sqm 3, Franzosengraben 1 Industrieunternehmen 2,000 sqm 10; QBC 2 Die Berater Unternehmensberatungs GmbH 2,000 sqm 12; Wolfganggasse 58-60

12 %

13 %

14 %

Public sector Law firms, consultants, tax advisors Pharma and health Other Educational and trainings institutions Trade and services IT | high-tech Banking and insurance sector

Source: EHL Market Research | Q3 2021

*Take-up > 1,000 sqm included Source: EHL Market Research | Q3 2021

8

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