Large office deal in Vienna-Floridsdorf: Price explosion on the market!

Large office deal in Vienna-Floridsdorf: Price explosion on the market!

Franz-Jonas-Platz 2–3, 1210 Wien, Österreich - In the past few days, a huge real estate deal in Vienna-Floridsdorf has caused a sensation. The office building at Franz-Jonas-Platz 2–3 changed the owner, which is the largest real estate deal of 2025. Seller is the company CPI Europe, which was previously known as Immofinanz. The transaction was taught as part of a CO exclusive mandate by real estate service providers CBRE and EHL. The fact that the object, which was already renovated in 2009 and is fully rented, offers over 11,000 square meters of office and commercial space and 149 underground parking spaces. The buyer, a private investor, has paid a purchase price for this property, which is associated with a return of well below five percent. Here, too, the trend shows: after the crisis years 2023 and 2024 we again show signs of rising prices at the Vienna office market.

The latest development is all the more remarkable because the market celebrates a noticeable comeback according to the challenges of recent years. The office market in Vienna currently has a historical low-level level rate of only 3.56 percent, which impressively underlines the high demand for office space. According to [Otto.at] (https://www.otto.at/presse/bueromarktbericht-frueh year-2025/), the new building volume in Vienna grows steadily and will increase from 98,900 m² in 2024 to 107,400 m² in 2025. The forecasts even provide for 2026 completions of almost 125,700 m² of office space.

market dynamics and investment dates

Speaking of demand: The asset class office conquered a market share of 32 percent last year, with investments of a whopping 850 million euros. However, while private investors usually prefer smaller objects, institutional investors have the upper hand by investing more than 1.2 billion euros in the sale of real estate - almost 50 percent of the market. However, buyers, often private people and real estate companies, have bought together for 1.8 billion euros, which makes a market share of over 70 percent. This dynamic suggests that high -quality properties will continue to be very popular in top locations.

The current market constitution is not for everyone! While the top quality segment remains stable, older existing objects are located without sustainable renovation and ESG certification on the defensive. The quality of the office space becomes a decisive factor, since companies are currently pushing to ESG-compliant areas and are ready to pay higher rents . Innovative refurbish projects are increasing and are viewed as economically sensible alternative to new buildings.

outlook and trends

Developments at the Vienna office market are promising and market participants are optimistic. "The rental service rose by a remarkable 82 percent in the last quarter compared to the previous quarter," says a report by [Otto.at] (https://www.otto.at/pesse/bueromarkt-frueh year-2025/). Companies are increasingly looking for locations with a good connection to public transport, which is also reflected in the average of 7.5 minutes to the next station. These trends could shape the “mixed character” of the real estate market in the coming years.