For the second year in a row, Gerald Eve, one of the UK’s leading real estate consultancies and an international alliance partner of Modesta Real Estate in Austria and Slovakia, has released the European Property Market Brief. This annual report deals comprehensively with the commercial property market in the most important European cities and gives insight into the latest developments as well as outlooks for the future. The trends in the Viennese office and logistics property markets have also been examined and the results are quite impressive. In 2016, occupational demand for office assets in Vienna remained continuously high. Optimism is also spreading for 2017 and an increased demand is expected, especially from foreign investors from the US, Asia and the UK. Not only office properties, but also Austrian logistics assets are progressively attracting investors, especially from Europe, and demand in this area is ever increasing. “This snapshot reveals that the Austrian commercial property market is currently in a good shape and is also well prepared for the future”, concludes Sebastian Scheufele, SIOR and Managing Partner at Modesta Real Estate.
You can find the entire report in English HERE.