Spring 2020 Edition
And suddenly the world has changed. In the last edition of our Office Market Report in autumn 2019 we predicted a stable year with positive economic signals. Now, in April 2020, after the pandemic outbreak, the Corona virus has reached the Viennese office market with all its negative implications. From today’s point of view, this year will be marked by the loss of an average quarter in the rents of offices in Vienna, which means that the total level of rental activities will be reduced to approximately 130,000 sqm per year, which was at 200,000 sqm last year.
Nevertheless, the overall mood still reflects confidence, as perceived by our experts in the direct communication with their clients, who have somehow arrangedthemselves with the circumstances, although some projects in their early stages now definitely have to be postponed.
Order the latest edition for free using our online form: