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Austrian Commercial Real Estate Market on Right Track
Viennese office property market: new lettings are slowly picking up momentum – new construction volume of 205,000 m² expected in 2013. This is the result of the report “Real Estate Country Facts” issued by Bank Austria.
Austrian Commercial Real Estate Market on Right Track / Picture: © Vindobona.org
Prime yields in Austria are relatively low in the office and retail sphere. The 5-percent mark was breached to the downside on the office market with roughly 4.8 percent. As for shopping centres, prime yields are sitting at around 5.5 percent, with DIY stores roughly one percentage point higher. By Central European comparison, Austria therefore numbers among the low-yield countries.…
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