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U1<br />

CZ BRÜNN S1<br />

NORTH-EAST<br />

Office Buildings<br />

11.50 € - 14.50 €<br />

Office Towers<br />

13.00 € - 24.00 €<br />

remaining first occupancy space of the 2018<br />

wave of completions will be well absorbed<br />

by the market and the vacancy rate will fall<br />

again in the course of the first half of <strong>2019</strong><br />

after the short-term increase in the fourth<br />

quarter of 2018.” Due to the lower supply of<br />

available first-occupancy space compared<br />

to the previous year, Wernhart expects an<br />

increase in the letting performance of highquality<br />

refurbished second occupancies in<br />

<strong>2019</strong>. "Because of the very good rate of preutilisation<br />

of the completions from 2018 and<br />

the very good demand situation, the chances<br />

of landlords of high-quality refurbished second-occupancy<br />

units in <strong>2019</strong> to re-let them<br />

at attractive prices are better than they have<br />

been for a long time.”<br />

U2<br />

CITY CENTER<br />

SOUTH EAST<br />

Office Buildings<br />

12.25 € - 26.00 €<br />

Office Towers<br />

15.00 € - 26.00 €<br />

Office Buildings<br />

10.00 € - 14.00 €<br />

Office Towers<br />

13.00 € - 18.00 €<br />

"The letting<br />

opportunities<br />

of high-quality<br />

refurbished<br />

second leases at<br />

attractive prices<br />

are better for the<br />

landlords in <strong>2019</strong><br />

than they have<br />

been for<br />

a long time."<br />

Vienna<br />

International<br />

Airport<br />

A4<br />

A4 / A6<br />

SK<br />

BRATISLAVA<br />

BUDAPEST<br />

HU<br />

Low completion rate <strong>2019</strong><br />

The office market in Vienna should also develop<br />

well in <strong>2019</strong> - in line with the situation in<br />

Europe - but with less rental growth than last<br />

year. "The low completion rate of only approximately<br />

38,000 square meters in <strong>2019</strong> could<br />

become a challenge for office tenants looking<br />

for large interconnected spaces. There will<br />

only be a slight let up here in 2020/2021 when<br />

larger office developments such as QBC 1 and<br />

<strong>MIPIM</strong> <strong>2019</strong><br />

31

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