Office Market Report Vienna | Spring 2023

Rental prices and vacancy rates

Development of rents 2019 - 2023

€ 30/sqm

€ 25/sqm

€ 20/sqm

€ 15/sqm

€ 10/sqm

€ 5/sqm

2021

2022

2023

2019

2020

Prime rents

Standard locations

Quality locations

Prime locations

Source: EHL Market Research | Q2 2023

Rental rates in Vienna office regions

€ 30/sqm

€ 25/sqm

€ 20/sqm

€ 15/sqm

€ 10/sqm

Southern Region Wienerberg

Inner city Surroundings

Main Railway Station Quartier Belvedere

Vienna Donau City Surroundings

Lassallestr. Messe Prater

Eastern Region Erdberg

Seestadt Aspern

Northern Region

Western Region

Airport City Surroundings

Source: EHL Market Research | Q2 2023

Prime rents (in EUR/sqm/mth.)

Vacancy rates (in %)

144.3

13.2

London (West End)

Bucharest

83.3

11.6

Paris (CBD)

Warsaw

56.7

11.3

Milan

Budapest

Frankfurt

10.8

48.0

Milan

44.0 45.0

9.9

Munich

Madrid

8.6 8.5

London (Central) Frankfurt

Berlin

41.3

8,4

Amsterdam

36.8

7.7

Madrid

Prague

6.2

28.0 27.0 27,0

Amsterdam

Prague

4.7

Munich

Warsaw

3.8

Vienna

Vienna

3.5

26,0

Budapest

London (West End)

19.5

3.2

Bucharest

Berlin

2.4

Paris (CBD)

Source: EHL Market Research | BNP Paribas Real Estate | Q2 2023

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