The rental market in the portfolio of modern office space: In the third quarter of 2022, the extremely high share in the space turnover was remarkable in the submarket of Inner Districts (CBD). Here just seven rentals of more than 1,000 sq m accounted for half of the total net take-up. Currently, many companies identify their actual requirements, the trend for
exploring potential alternative use and space optimization has increased considerably.
The rents show a diverse development in the various submarkets – but the tendency is clearly rising. The entry prices rose by 5 % and 10 % in nearly all the submarkets, the maximum prices increased significantly, most of all in the submarkets of Donau City and the Central Station. In the Inner City of Vienna, the prime rents achieved are currently at net 27.50 EUR/sq m. The average quoted rents for currently available modern office space rose to net 15.50 EUR/sq m.
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