Office Market Vienna 2020 - 2024
300,000 sqm
7 %
225,000 sqm
6 %
210,000
150,000 sqm
5 %
180,000
180,000
170,000
160,000*
126,000
125,000
75,000 sqm
4 %
90,700
66,700
3 % 3.4 %
45,800
0
2020
2021
2022
2023
2024
Production of new space in sqm
Take-up in sqm
Vacancy rate
*Forecast, Source: EHL Market Research | Q1 2024
Market overview
Office supply
Total market**
VRF***
Production of new space
90,700 sqm
Office space in sqm 11,675,100 sqm 6,077,926 sqm
Take-up*
160,000 sqm
Vacancy rate
3.4 %
3.47 %
Vacancy rate
3.4 %
Prime yields
4.5 %
Prime rets EUR/sqm/month
28.00 €
Nom. GDP EUR billion acc. to WKO
508.51
*
Forecast
**
All indicators are based on the total market (old and new buildings), unless indicated otherwise
Economic growth acc. to WKO
0.9 %
*** According to the Vienna Research Forum, www.viennaresearchforum.at
Inflation rate acc. to ORF in March
4.2 %
Increasing
Slightly increasing
Stable
Slightly decreasing
Decreasing
Source: EHL Market Research | Q1 2024
Vienna | Spring 2024
05
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