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Austrian Real Estate Market: Shopping Centers Under Pressure
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Shopping centre market: old and less attractive models coming under increased pressure from online trading. This is reported by Bank Austria in its latest report “Real Estate Country Facts”.
Austrian Real Estate Market: Shopping Centers Under Pressure / Picture: © Vindobona.org
Roughly 40 percent of Austrian sales space is located in Vienna and the surrounding area. Around the middle of 2013, Vienna had 31 shopping centres with a total lettable space of around 940,000 m², of which about 730,000 m² was dedicated sales space. These totals include Austria’s largest shopping centre, Shopping City Süd, which is located to the south of the capital. This means…
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