Real Estate: Vienna´s Office Market Saturated

Professional Services › Real Estate ♦ Published: February 15, 2014; 11:24 ♦ (Vindobona)

In contrast to office markets in CESEE (Central, Eastern and Southeastern Europe), the Viennese office market has no major projects in the pipeline. The growth potential is rather limited.

Real Estate: Vienna´s Office Market Saturated / Picture: © Vindobona.org

The Viennese office market is dominated by replacements. After a short boom in the years between 2010 and 2012, the Viennese office market is not characterized by speculation anymore. According to Franz Jurkowitsch, former CEO of the Austrian real estate developer Warimpex, the office market in Vienna is stagnating.

Friedrich Wachernig, board member of the Austrian real estate…

or Log In

Fast News Search
Related News
Austria: Changes Ahead of Buwog’s IPO (February 14, 2014)
CEE: Still Growth Market in Real Estate Sector (February 10, 2014)
Viennese Real Estate: Roof Space Utilization is the Key (February 5, 2014)
Upward Trend in Polish Property Market Continues (February 3, 2014)
Real Estate: Why Austrians Prefer Rented Apartments (February 3, 2014)
Read More
Real Estate Industry, CESEE, Property Market
Featured
See latest Vindobona Newsletter