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In 2020, the district with the smallest share of unoccupied office real estate in Vienna, Austria was Airport City and the Central/Inner city districts, where less than two percent of the offices were vacant. The vacancy rate is a measurement of unoccupied properties during a given period and is a good indication of an area’s desirability and opportunity for development. High vacancy rates can indicate an economic downturn, a lack of demand or possibly that standards do not meet speculative renters’ needs. Low vacancy rates are in general considered a good thing as it means there is a good level of demand from customers, although low vacancy rates may also indicate a need for more development which is not being met.
Vacancy rates for office real estate in Vienna, Austria in 2019 and 2020, by district
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Colliers International. (October 22, 2020). Vacancy rates for office real estate in Vienna, Austria in 2019 and 2020, by district [Graph]. In Statista. Retrieved May 19, 2024, from https://www.statista.com/statistics/1095128/office-real-estate-vacancy-rates-vienna-asutria-by-district/
Colliers International. "Vacancy rates for office real estate in Vienna, Austria in 2019 and 2020, by district." Chart. October 22, 2020. Statista. Accessed May 19, 2024. https://www.statista.com/statistics/1095128/office-real-estate-vacancy-rates-vienna-asutria-by-district/
Colliers International. (2020). Vacancy rates for office real estate in Vienna, Austria in 2019 and 2020, by district. Statista. Statista Inc.. Accessed: May 19, 2024. https://www.statista.com/statistics/1095128/office-real-estate-vacancy-rates-vienna-asutria-by-district/
Colliers International. "Vacancy Rates for Office Real Estate in Vienna, Austria in 2019 and 2020, by District." Statista, Statista Inc., 22 Oct 2020, https://www.statista.com/statistics/1095128/office-real-estate-vacancy-rates-vienna-asutria-by-district/
Colliers International, Vacancy rates for office real estate in Vienna, Austria in 2019 and 2020, by district Statista, https://www.statista.com/statistics/1095128/office-real-estate-vacancy-rates-vienna-asutria-by-district/ (last visited May 19, 2024)
Vacancy rates for office real estate in Vienna, Austria in 2019 and 2020, by district [Graph], Colliers International, October 22, 2020. [Online]. Available: https://www.statista.com/statistics/1095128/office-real-estate-vacancy-rates-vienna-asutria-by-district/