Office Market Report

Office Market Report: Fall 2022

A current survey by OTTO Immobilien.

In autumn 2022 the Viennese office market is showing active and healthy signs: in the third quarter, the rents amounted to approx. 63,000 sq m in the total market and were therefore by 56 % higher than in the same period of the previous year. In the face of the precarious economic and geopolitical situation a valid prognosis of the further development is difficult, but we assume a total net take-up of 150,000 sq m for this year, which would be a slight plus as compared to the previous year.

Order now

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.

Do you need any help for Your enterprise in these hard times? Are You looking for answers and personal consultation? 

We would be pleased to answer your questions and welcome you for a personal discussion at your convenience.

Order the latest edition for free via our online form:

Order now 
phone icon +43 1 512 77 77 - 379 mail icon

For questions, contact us

Your research expert:

Martin Denner , BSc

contact picture