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Vienna office market 2025: recovery thanks to ESG and new construction boom!
The Vienna office market will recover in 2025 with strong new construction and growing demand for ESG-compliant space in prime locations.
Vienna office market 2025: recovery thanks to ESG and new construction boom!
The Vienna office market will show clear signs of recovery in autumn 2025. After a challenging year in 2024, demand for office space in Vienna has increased noticeably and the volume of new construction is skyrocketing. ESG-compliant office space that meets high sustainability standards is particularly in demand. boerse-express.com highlights that trust in Vienna as a location has grown thanks to a solid first half of this year.
However, there are clear differences on the market. Demand is increasingly divided into premium space and secondary space. Companies are increasingly relying on high-quality offices, and the future prospects seem promising. For 2025, experts expect new construction of around 107,400 to 111,000 square meters of office space. A look at 2026 shows that this number could even increase to up to 125,700 square meters.
New construction projects and rental prices in focus
Particularly prominent are the new projects such as VIENNA TWENTYTWO, the Leopold Quartier Office and the Central Hub in TwentyOne, all of which are in well-connected locations such as Donaustadt and Erdberg-St. Marx can be realized. According to diepresse.com, the new construction volume for office space increased from 98,900 square meters in 2024 to the above-mentioned 107,400 square meters in 2025.
The prime rent remains constant at a stable 28.50 euros per square meter per month, while high-class properties outside the first district achieve over 20 euros per square meter. An interesting aspect is that certified ESG offices can even achieve rents that are up to 10 percent higher. Despite an increasing volume of new construction, only around 20,000 square meters of the new office space has been pre-let for 2025.
Low vacancies and investments in sustainability
The vacancy rate remains at an internationally low level of 4.22 percent in the second quarter of 2025, which indicates a highly competitive market. The low vacancy rate, combined with strong demand for office space, makes market players optimistic about the future. Sustainability and employee friendliness are key factors here. Companies often invest in smaller spaces, but at the same time in better equipment for their offices in order to meet the requirements of modern working environments.
The forecasts for the second half of 2025 are also encouraging. The experts expect that larger contract negotiations will stimulate market activity. This is primarily due to the combination of stable rental prices, the demand for sustainable office buildings and the limited supply. That is why the focus on innovative, sustainable office projects and flexible working models will continue to increase.
Overall, the Vienna office market confirms its attractiveness as an important office location in Central Europe and is therefore ideally positioned for the challenges and opportunities that the coming years will bring. And so it remains to be seen how developments surrounding the office market in the capital continue to unfold.