Vienna's office market 2025: Despite the vacancy and high costs!

Vienna's office market 2025: Despite the vacancy and high costs!

In the first half of 2025, the Vienna office market shows an exciting, albeit challenging development. EHL Immobilien has published a comprehensive report that gives interesting insights into the current trends and future perspectives. Despite the geopolitical uncertainties and a careful approach of many companies that remain in existing objects for the time being, the market shows a high dynamic, especially with regard to new projects and planned new buildings. According to [Immobilien-redaktion.com] (https://immobilien-tredaction.com/pressemeldung/wiener-bueroimmobilienmarkt- update-1- half-year-2025), the rental performance amounts to around 77,500 m², which is a decrease of around 20 % compared to the previous year.

Due to the increased raw material and personnel costs, construction prices and rental prices have increased in recent months. The top rent in Vienna is currently 29.00 euros per m² and month, with another tendency. Therefore, many are wondering where the best were to do good business. The demand focuses on well -developed business clusters with an optimal transport connection.

new projects and their importance

The projects that are due this year are particularly noteworthy. Among other things, the highlights include:

• Leopoldquartier Office (approx. 24,000 m², wood-hybrid construction)
• Central Hub in Twentyone (approx. 21,000 m²)
• Vienna Twentytwo at the Donau Center (approx. 24,000 m²)
• Refurbishment Enna-The-Work-Life-Building (approx. 22,500 m²)
• Carré Muthgasse (approx. 13,000 m²)

A big trend is the focus on sustainable construction methods and the fulfillment of high ESG standards. According to [the press] (https://www.diepresse.com/19278005/bueromarkt-wien- newbauvolumen-steigt-Leber-Lebt-Leiling), the new construction production will increase in the second half of 2025, which rose from 98,900 m² to 107,400 m² in 2024. This could help stabilize the market conditions.

fluctuation on the market and outlook

Despite the overall positive development, Otto Immobilien experts show that not all new office space is quickly rented out. Only about 20,000 m² of the new areas for 2025 have so far been rented out or their own. The vacancy rate rose from 3.3 % to 3.5 % and could rise slightly by the end of the year. However, the quota of 3.5 % still remains low, which shows that the need for office space is still high.

Namelest rental degrees in the first half of the year included 3,600 m² through an insurance company in the Euro Plaza and 1,800 m² by a trading company in Enna. These movements illustrate interest in central locations and high -quality office space.

For the next time, many expect a market recovery, which is supported by stable interest rates and a revival of the investment markets. The view of experts on the trends shows that innovative and sustainable office buildings and flexible work models will determine the face of the Vienna office market. For example, the DC2 Tower-The Place 2 Work 2 Live 2 BE awaits us next year with impressive 37,000 m², which is the first office tower with an integrated photovoltaic facade.

Overall, it can be said: The Vienna office market is on the move. Companies benefit from a limited range of high -quality areas and an increase in new space production, which means both risks and opportunities. Anyone who is now relating to sustainable projects and positions themselves well will certainly benefit from it in the coming years.