Inside Network
  • Nederlands
  • Français
  • Deutsch
  • Home
  • Business
  • Marketing & Tech
  • Real Estate
  • Contact
  • About us
    • Vacancies
    • Our team
No Result
View All Result
  • Home
  • Business
  • Marketing & Tech
  • Real Estate
  • Contact
  • About us
    • Vacancies
    • Our team
No Result
View All Result
Inside Network
Home Real Estate Office space

The office space rental market in Vienna

by Inside Network
February 10, 2020
in Office space, Real Estate
Photo of Vienna

Vienna has long been considered to be a strategical position for facilitating trade between the East and West. This tradition continues to this day and Vienna is home to many large multi-national corporates and smaller companies. As is the case in most other major European cities, Vienna attracts its fair share of IT-related businesses to the city centre and surrounding areas.

There is a general shortage in office space in Vienna and this trend is likely to continue into the 2020s, that said, several new developments are in various phases of completion and when complete this extra space will serve the Viennese office space rental market well. At the end of 2018, the available space in Vienna city centre stood at 5.2% but this has declined throughout 2019 to a record low level of 4.8% by the end of 2019.

The main drivers behind the current shortage in rental properties are the stable Austrian economy and tax incentives that the Austrian government provides to business who establish their offices in the country. These drivers are also the reason behind the continued investment in properties in the Vienna area.

Planned property developments for 2020 and beyond

There are several large building projects planned for the Vienna area in 2020. On completion, these new properties will add a significant amount of rentable office space to the Vienna property market and ease the ever-increasing rent rates in the area. Most of the building projects are aimed at smaller companies who need office space for a limited number of employees.

While most of the developments will be focussed in the Vienna city centre, some of the buildings are located in the areas surrounding the city centre. All in all, the addition of extra space is considered to be an excellent stimulus for the already vibrant Viennese and Austrian economy.

In conclusion

While the property market in Vienna is congested and rather expensive, the addition of new buildings in the near future will ease these problems in 2020 and beyond. Vienna is also a great location for any business or start-up and as such, will continue to attract new renters and investors.

Tags: GuideStartup & ScaleupVienna

Related Posts

how-to-delete-instagram-account
Marketing & Tech

How to delete Instagram account? Quick and Easy Guide 2023

January 3, 2023
Marketing & Tech

How to Enable Dark Mode on Snapchat?

November 11, 2022
what is pm on facebook and how to send it?
Facebook

What does PM mean on facebook? And how to PM someone on Facebook?

September 7, 2022

Marketing & Tech

TradingView’s Data Insights: A Trader’s Secret Weapon

How Much Energy Does Bitcoin Use?

What is YouTube Automation? Quick & Easy guide 2023

G7 leaders to promote more rigorous crypto regulations

Safeguard Your Website with This Website Security Checklist

trading-chart

TradingView’s Data Insights: A Trader’s Secret Weapon

September 25, 2023

Science-Backed Reasons Why Microlearning is So Effective

September 21, 2023

How Much Energy Does Bitcoin Use?

September 21, 2023

The Benefits of Employee Onboarding Systems: Unlock Them Today

August 31, 2023

Best Articles

How To Sign Out Of Outlook On Desktop And Mobile?

What does a highlighted comment mean on YouTube?

Best paying jobs in basic industries in 2023

How to delete a Discord server?

How to make a post shareable on Facebook?

How to log out of the Amazon App and website using mobile and desktop?

DISM.exe /Online /Cleanup-Image /Restorehealth commands. What can it do?

How to put programs to sleep in Windows 10?

What does a Chief Commercial Officer (CCO) do? And what is the meaning of a CCO?

How to search for a seller on eBay?

Top 10 Best Paying Jobs In Public Utilities

What does PM mean on facebook? And how to PM someone on Facebook?

How to add multiple pictures in to one Instagram story?

How to watch Instagram live on PC or laptop?

Best paying jobs in capital goods in 2023

10 Best Paying Jobs In Energy in 2023

How to remove a Google profile picture?

How to mark all emails as read in Gmail and Outlook

Inside Network

Inside Network

Insidenetwork is the specialist in articles on business, tech, real estate and marketing.

Contact us

info@insidenetwork.com

Recent Articles

trading-chart

TradingView’s Data Insights: A Trader’s Secret Weapon

September 25, 2023

Science-Backed Reasons Why Microlearning is So Effective

September 21, 2023

Categories

  • Business
    • Human resource management
    • Management & Organization
  • Marketing & Tech
    • Advertising
    • E-commerce
    • Facebook
    • Search Engine Optimization
    • Social media
  • Real Estate
    • Office space
  • Uncategorized
  • About us
  • Contact

© 2020 Insidenetwork.com - The place for business.

No Result
View All Result
  • Home
  • Business
  • Marketing & Tech
  • Real Estate
  • Contact

© 2020 Insidenetwork.com - The place for business.

  • English
  • Nederlands
  • Français
  • Deutsch