Logistics/Industrial market in Vienna and surroundings: Vienna Research Forum publishes its figures for the first half of 2020
- Total stock at 5.3 million m²
- Space take-up in H1 2020 at around 98,900 m²
- Largest letting accounts for 51% of space take-up
In H1 2020, take-up of logistics, production and industrial space in Vienna and the surrounding area amounted to around 98,907 m². This is what the results of the Vienna Research Forum Logistics/ Industrial (VRF-LI) show after evaluating the current key data. The VRF only considers logistics premises that meet certain quality criteria such as hall height, shunting area and distance from the motorway.
The highest quality standards are met by 45% of the classified buildings, so-called logistics class A objects, while 38% are qualified as class B and 17% as class C. For the production and industrial premises, all properties that are currently used for this purpose and meet certain minimum criteria such as hall size were included.
According to the Vienna Research Forum Logistics/ Industrial, the largest take-up comprised 50,000 m² in the submarket Vienna Surrounding North. It corresponds to around 51% of the space take-up on the logistics and industrial market in the first half of 2020. Another major take-up was also registered in the Vienna Surrounding North submarket with 23,170 m².
Looking at the take-up of space by type of use, 93% of the space is accounted for by logistics space and 7% by production space.
For the first time in November 2019, the VRF Logistics/Industrial collected the total stock of logistics, production and industrial space in Vienna and the sur- rounding area. It has been updated at the end of H1 2020 and amounts to 5,307,146 m²*, of which 53% belong to production and industrial space and 47% to logistics space.
* The total stock of logistics, productio and industrial space can change from quarter to quarter due to regular adaptations of unclassified objects, conversions and completions
VRF is a merger of the leading Vienna commercial real estate companies (CBRE, Colliers, EHL, Moser Inter-pool, ÖRAG, OTTO, Spiegelfeld)