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Office Market Report

Office Market Report: 2021

A current survey by OTTO Immobilien.

Up to now the Viennese office market has surprisingly successfully mastered the Covid situation: the looming economic recession has failed to materialize, and the mood of the market participants is optimistic again. For this year, our experts expect a net take-up of approximately 160,000 sqm, which means only a slight decline as compared to 2020 – with 188,000 sqm of rented area.

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The prime yield for modern objects in excellent locations is currently 3.25 %. However, the bandwidth of achievable yields in the field of offices in Vienna is relatively large, ranging from 3.25 % to 5.00 %, and may be far below this value for rarely available Trophy Assets. In established office locations situated a little bit outside, the yields are currently between 4.00 % and 4.50 %.

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