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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”.

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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