MIPIM 2022 (21 MB)

Investing in Austria
Graz office market
Like almost all office markets outside Vienna,
the one in Graz is characterized by a low supply
of high-quality office space, which - if available
- is often significantly restricted in terms of
size. Therefore, it is understandable that new
real estate developments have also actively
focused on office uses. The real estate developers
in Graz have been following this path very
consistently for a few years now. In the past
year, noteworthy projects were completed with
the "Quartier Hoch Zwei" with around 18,500
square meters of office space on the former
Reininghaus sites and the current construction
phase at the "Technopark Raaba 2.”
Further completions are planned for the coming
year, including the "Smart Tower" in the
"Smart City Graz" with an area of around 6,000
square meters. The shell of the building was
already constructed in 2021, and the public
transport connection has also already been
completed.
These and other completions will mean that
there will not only be sufficient office space
available for newcomers or start-up companies.
It also opens up avenues for possible
mergers of locations, a trend already seen in
Vienna (e.g., Erste Group, Unicredit or Allianz).
Linz office market
Hardly any notable completions took place in
the Linz area in 2021. Only one project in the
Salzburger Strasse with around 3,000 square
meters has come onto the market.
Currently, three projects are under development.
Construction work has already begun on
the "Techbase" project in the Zollamtstrasse. A
multifunctional business infrastructure with
around 37,000 square meters of usable space
is being created in two construction phases
on a site area of around 23,000 square meters.
Completion of phase 1 is scheduled for 2022
and phase 2 for 2024.
Further project developments include the redevelopment
of the former "Nestlé-Areal" and the
60 ImmoFokus