In the first half of 2023, 74,400 sq m of office space were rented, which means a clear plus of 16 % as compared to the first half of 2022. According to our experts the rents were by 6 % higher than the five-year-average. For this year we expect a net take-up of approximately 135,000 sq m for the Viennese office market, a value which does not take sublets into consideration.
The rental prices show a rising trend as well. The prime rent in the inner city of Vienna has increased by EUR 1.00 from net EUR 27.50/sq m to EUR 28.50/sq m and month, and the average price for quoted rents for modern space according to VRF* has risen by 2 % from EUR 15.50/sq m to EUR 15.80/sq m. For prime locations in the inner city of Vienna rents of even EUR 30/sq m and month might be possible in the future.
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