Vacancy rates for office real estate in Vienna districts, Austria 2019-2020

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.