Recognizing trends

Office Market Report

Lastest Trends

Autumn 2020 Edition 

There are again positive signs we receive – seven months after the introduction of Corona-related constraints – from the Viennese office market. While initially there were fears to lose a complete quarter in rents, we, together with the Vienna Research Forum (VRF), now expect only a slight decrease compared with the previous year.

The reasons for this are three major rents in the submarket Prater/Lassallestra├če, which might “save” this year. Our current forecast, which is still cautious due to Corona, now sees a total net take-up of approximately 180,000 sqm for this year.

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Your research expert:

Martin Denner , BSc

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