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Austrian Business Property Market Under Pressure.
In the Viennese office property market, new lettings remain subdued. Regarding the shopping centre market, old and less attractive models under pressure.
Austrian Business Property Market Under Pressure. / Picture: © Vindobona.org
Although the Viennese office property market is still relatively stable in Europe, with comparatively low vacancy rates, there are some clouds on the horizon: again, new letting in the segment is slow.
According to CBRE, new rentals fell once more from around 275,000 m² in 2010 to some 260,000 m² in 2011. Large-scale new rentals are currently the exception, and relocations…
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