Office Market Report Vienna | Spring 2021

Completions | Rentals

High-quality refurbishments define the space offering

AThe production of new space will remain com- paratively low at roughly 82,000 sqm in 2021, whereby a substantial component of 45% will be created by high-quality revitalisation projects. The importance of modernised properties will conti- nue to increase over the coming years due to the limited vacant areas in established business clus-

ters. In addition, sublet space is taking on a more important role in Vienna. The long-term implemen- tation of remote and home office has helped a number of companies to substantially reduce their space requirements. This vacant space is, in part, returning to the market.

Take-up by regions*

Completions 2021

Property

Size Address

7 %

Austro Tower

28,000 sqm 3, Schnirchgasse 17 17,000 sqm 10, Canettistrasse 5 14,500 sqm 1, Schottengasse 6-8 9,000 sqm 1, Postgasse 8-10 6,000 sqm 9, Peregringasse 2-4 5,200 sqm 2, Stella-Klein-Löw-Weg 8

11 %

Tower Canettistraße 5 Haus am Schottentor * Das Lebendige Haus *

50 %

Doppio Due *

Tribüne Viertel Zwei *

32 %

Operngasse 6 *

2,000 sqm 1, Operngasse 6

* Refurbishment

Source: EHL Market Research | Q2 2021

Main Railway Station | Quartier Belvedere Southern Region | Wienerberg Eastern Region | Erdberg Other

Take-up by sectors*

Rentals 2021 (selected examples)

• 4%

4% •

Tentant Size Address Austrian Workers‘ Compensation Board AUVA 9,100 sqm 10, myhive am Wienerberg Public Employment Service Austria 5,500 sqm 10, Favoritenstrasse 73 Dedalus HealthCare GesmbH 2,400 sqm 10, QBC 1 Infoscore Austria GmbH 2,300 sqm 10, QBC 1+2 Weidinger & Partner Wirtschaftstrainings- und Organisationsentwicklungsgesellschaft mbH 2,200 sqm 3, Franzosengraben 1 Die Berater 2,000 sqm 12, Wolfganggasse 58-60 Australian Embassy 1,200 sqm 10, The Icon Vienna Ready2order GmbH 1,100 sqm 3, Hintere Zollamtsstrasse 17 Unzer Austria GmbH 1,000 sqm 10, 1100 Columbus Shops&Offices

5%

7%

9 %

55 %

16 %

Public sector Educational and trainings institutions IT | high-tech Pharma and health Other Trade and services Banking and insurance sector

Source: EHL Market Research | Q2 2021

*Take-up > 1,000 sqm included Source: EHL Market Research | Q2 2021

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