In 2020, 3.3 percent of the retail space in the City Center of Vienna was vacant, while in Salzburg, this rate was 1.5 percent. Vacancy rates are a measurement of unoccupied properties during a given period and are 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.
Retail real estate vacancy rate in the city centers of select Austrian cities in 2019 and 2020
(in 1,000 square meters)
Characteristic
2019
2020
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Colliers International. (October 22, 2020). Retail real estate vacancy rate in the city centers of select Austrian cities in 2019 and 2020 (in 1,000 square meters) [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1095265/retail-real-estate-vacancy-austria-by-city/
Colliers International. "Retail real estate vacancy rate in the city centers of select Austrian cities in 2019 and 2020 (in 1,000 square meters)." Chart. October 22, 2020. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1095265/retail-real-estate-vacancy-austria-by-city/
Colliers International. (2020). Retail real estate vacancy rate in the city centers of select Austrian cities in 2019 and 2020 (in 1,000 square meters). Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1095265/retail-real-estate-vacancy-austria-by-city/
Colliers International. "Retail Real Estate Vacancy Rate in The City Centers of Select Austrian Cities in 2019 and 2020 (in 1,000 Square Meters)." Statista, Statista Inc., 22 Oct 2020, https://www.statista.com/statistics/1095265/retail-real-estate-vacancy-austria-by-city/
Colliers International, Retail real estate vacancy rate in the city centers of select Austrian cities in 2019 and 2020 (in 1,000 square meters) Statista, https://www.statista.com/statistics/1095265/retail-real-estate-vacancy-austria-by-city/ (last visited August 25, 2024)
Retail real estate vacancy rate in the city centers of select Austrian cities in 2019 and 2020 (in 1,000 square meters) [Graph], Colliers International, October 22, 2020. [Online]. Available: https://www.statista.com/statistics/1095265/retail-real-estate-vacancy-austria-by-city/