Market in balance
Rising rental performance due to broad demand structure
The leasing performance achieved to date on the Vienna office market has proven to be solid and stable – a result that can be attributed primarily to the broad and balanced demand structure. Demand is not concentrated on a single market segment or a specific industry, but is rather spread across a diverse spectrum of different user groups. The leases signed so far this year represent a diverse range of indus- tries and company sizes – from small and medium-sized enterprises to international corporations. Product demand is equally diverse: while high-quality new-build space in prime city-centre locations with correspond- ing price levels is in high demand, there is also continued interest in cost-conscious secondary occupancy in established peripheral locations. This differentiated demand ensures healthy market activity across various quality and price levels and forms the basis for continued stable development of the rental market.
Notable leases this year include a non-prof- it organisation that will move into new headquarters in the 22nd district in spring 2027. The lease brokered by EHL, covering approximately 18,000 sqm, is one of the largest lease agreements concluded in recent years. Demand is not concentrat- ed on a single market seg- ment or a specific industry, but is rather spread across a diverse spectrum of dif- ferent user groups.
In general, new construction projects for the next two years are proving very popular with tenants. Outstanding examples include the LeopoldQuartier OFFICE near the city centre, the modern CENTRAL HUB in the TwentyOne urban development area, the striking landmark building VIENNA TWENTYTWO at the Donau Zentrum, the high-quality renovated enna, the-work-life- building and the architecturally striking CARRÉ Muthgasse. In 2026, DC2 – The Place 2 Work 2 Live 2 Be, Austria‘s first office tower with an integrated photovoltaic façade, will be completed.
Prime locations 19.0 - 35.0
Standard location 13.0 - 16.0
Quality location 15.0 - 19.0
In €/sqm/month | EHL Rent Index of 100 existing and/or refurbished office buildings at various locations Offered rents for first-time occupancy
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Office Market Report
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