Completions | Rentals
Restrained new space production and limited supply
Both the production of new space at 45,800 sqm and the vacancy rate at 3.8 % will reach historic lows in 2023. Particularly in the prime locations in Vienna‘s city centre or around the main railway station, larger requests over 3,000 sqm can only be served to a very limited extent. Currently, around 50 % of the office space due for com-
pletion in 2023 has already been pre-let, so the situation remains tense. Some transactions are therefore shifting towards pre-letting the projects planned for 2024/2025, e.g. FRANCIS (approx. 40,000 sqm) and Grand Central (approx. 12,500 sqm).
Completions 2023
Take-up by regions*
• 3 %
Property Vio Plaza
Size Address
5 %
22.600 sqm 12; Schönbrunner Strasse 230 15.000 sqm 10; Wienerbergstrasse 3-5 4.700 sqm 10; Laxenburger Strasse 2B
6 %
29 %
myhive am Wienerberg, Urban Garden*
10 %
Gösserhalle* ** Muthgasse 109A**
3.500 sqm 19; Muthgasse 109A
19 %
* Refurbishment
Source: EHL Market Research | Q2 2023
** Fully let resp. owner-occupied
28 %
Northern Region Western Region IInner City | Surroundings
Rentals 2023 (selected examples)
Southern Region | Wienerberg Lassallestrasse | Messe | Prater Eastern Region | Erdberg Vienna Donau City | Surroundings
Tenant
Size Address
aws Austria Wirtschaftsservice GmbH
5.000 sqm 12; Vio Plaza 3.500 sqm 9; Francis
Medical services
Woom GmbH
3.300 sqm 19; Muthgasse 109A
Take-up by sectors*
Brandl Talos Rechtsanwälte GmbH
2.400 sqm 12; Vio Plaza
Plus Training OG Medical services Medical services
2.300 sqm 19; Mooslackengasse 17 2.000 sqm 21; Grand Central 1.900 sqm 2; Lassallestrasse 3
7 %
11 %
AstraZeneca Österreich GmbH
1.500 sqm 12; Vio Plaza
33 %
NTB Solutions GmbH
1.400 sqm 3; Dietrichgasse 27-29
Stadt Wien
1.400 sqm 20; Big Biz 1.300 sqm 9; Francis
14 %
Valmedica Althan GmbH
SPIE CEMA Law office
1.100 sqm 23; Oberlaaer Strasse 331
15 %
1.000 sqm 1; Am Hof 13 1.000 sqm 12; Euro Plaza 1 1.000 sqm 22; HoHo Wien
20 %
SKG Netzwerktechnik GmbH
cbs Unternehmensberatung Austria GmbH
Pharma and health Public sector Law firms, consultants, tax advisors IT | high-tech Trade and services Educational and trainings institutions
EHL provided consulting services to tenants and/or lessors.
Source: EHL Market Research | Q2 2023
* Take-up > 1,000 sqm included Source: EHL Market Research | Q2 2023
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