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

In 2019, the district with the smallest share of unoccupied office real estate in Vienna, Austria was the central business district and the inner city districts, where 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.