Office Market Report Vienna | Autumn 2024

Rentals

Completion volume rises once again

Despite the expected doubling of the com- pletion volume compared to the previous year, the vacancy rate remains at a very low 3.3 % due to the high number of pre-lets. In 2025, we expect the completion volume to reach around 121,000 sqm, which could help to ease the market situation.

Rentals 2024 (selected examples)

Tenant

Address

Size

European Handball Federation

1030; Baumgasse 60A

6,000 sqm

Canon Österreich

1120; EURO PLAZA

4,500 sqm

Public Tenant

1010; Schottenring 14

3,700 sqm

University

1020; Walcherstrasse 11

2,800 sqm

Bernard Gruppe

1020; E-Zone

2,200 sqm

Cellectric Biosciences

1210; Central Hub

1,800 sqm

Ivoclar Vivadent GmbH

1090; FRANCIS

1,600 sqm

TUI

1300; Office Park 4

1,500 sqm

Public institution

1070; Mariahilferstrasse 116

1,200 sqm

AON

1090; FRANCIS

1,000 sqm

EHL provided consulting services to tenants and/or lessors.

Source: EHL Market Research | Q3 2024

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