EHL Office Market Report Vienna | Spring 2022

Completions | Rentals

Production of new space influen- ced by refurbishments

High-quality refurbishments are playing an ever gre- ater role in terms of completions. Whereas in 2021 such refurbishments still only accounted for 33% of new space production, in the first quarter of 2022 their share of new space production reached the re- cord level of 82%. Refurbishments will also play a key role in future, given the low amount of land available for development near the centre of the city.

The FRANCIS complex in the Altan Quartier (45,000 sqm) and the URBAN GARDEN in myhive am Wienerberg (15,000 sqm) are well known examples of high-quality refurbishments. Both involve sustainable revitalisation projects that will be completed in 2023/2024.

Take-up by regions*

Completions 2022

6 %

7 %

Property

Size Address

Quartier Lassalle 2* ** Quartier Lassalle 1* **

54,000 sqm 2; Lassallestraße 5 24,000 sqm 2; Lassallestraße 1 14,800 sqm 21; Siemensstraße 87-89

19 %

44 %

Twenty One/Innovation Hub Das Lebendige Haus * Vienna Twenty Two (BT 1)

9,000 sqm 1; Postgasse 8-10

24 %

8,000 sqm 22; Dr.-Adolf-Schärf-Platz 1 6,000 sqm 9; Peregringasse 2-4 4,000 sqm 15; Felberstraße 80 3,800 sqm 4; Schwarzenbergplatz 2,500 sqm 1; Schreyvogelgasse 2

Doppio Due*

F80*

Lassallestraße | Messe | Prater Inner City | Surroundings Vienna Donau City | Surroundings Southern Region | Wienerberg Western Region

Lukoil- Headquarter* ** Schreyvogelgasse 2* **

* Refurbishment

Source: EHL Market Research | Q2 2022

** Fully let resp. owner-occupied

Take-up by sectors*

• 4%

6% •

Rentals Q4 2021 & Q1 2022 (selected examples)

26 %

20 %

Tenant

Size Address

ISS Facility Services GmbH

6,200 sqm 2; Quartier Lassalle 1

ATOS Österreich

5,200 sqm 22; IZD-Tower

23 %

Public sector tenants

2,200 sqm 2; Lassallestraße 9b

21 %

LeitnerLeitner

4,200 sqm 4; Ensemble Schwarzenbergplatz 1,900 sqm 2; Leopold Moses Gasse 4

Public sector tenants

Nuance Communications Austria GmbH

1,800 sqm 12; Euro Plaza 1

IT | high-tech Trade and services Public sector

Public sector tenants Healthcare sector tenant

1,500 sqm 13; Hietzinger Kai 131 1,100 sqm 13; Hietzinger Kai 131

Law firms, consultants, tax advisors Educational and trainings institutions Serviced office / co-working

Karl Storz Endoskop Austria GmbH

1,000 sqm 3; Tricore

Public sector tenants

1,000 sqm 2; Aspernbrückengasse 2

Source: EHL Market Research | Q2 2022

* Take-up > 1,000 sqm included Source: EHL Market Research | Q2 2022

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