Austria is not just the geographical heart of the New Europe – it’s also assuming a central position in the eyes of many international concerns as a distribution center and logistical hub between East and West.
The requirements for efficient and cost-effective shipping of goods are a high-performance infrastructure, reliable transportation services and strategic location. Austria offers precisely these advantages – and more. In international comparisons, the Alpine Republic receives top marks across the board as a logistical base.
Apart from the buildout of the nation’s infrastructure, Austrian firms can also benefit from broad access to the international data highway. Compared to other EU member states, Austria has invested by far the most in expanding its telecommunications infrastructure. Companies in Austria can take advantage of state-of-the-art, high-capacity networks.
An important consideration for foreign investors —apart from the economic climate — is location cost. Austria also scores highly here. A recent survey of current office rentals in major European cities ranks Vienna as one of the cheapest. Its findings show that an office in a good business location in Vienna costs just Euro 341 per m2 and year (total occupation costs). Only Budapest and Berlin are cheaper.
Office rentals in Austria can vary greatly. Depending on the transport links and services, the monthly rental per m2 can cost between 7 and 20 euro. Vienna tops the table with a monthly rental of approximately 19 euros.