NEST

NEST: Austrian Pioneers in Vacancy Management NEST, the Network for Expanding Space and Time, stands as Austria's first vacancy management agency. Based in Vienna, the organization combats property vacancies, a problem exacerbated by recent economic challenges. The agency offers comprehensive services including consulting, strategy development, and interactive workshops aimed at finding innovative uses for empty properties. NEST's approach is built on four core values: sustainability, collaboration, innovation, and community focus. The organization works closely with property developers and real estate professionals. Hans-Jörg Ulreich, a spokesperson for Austrian property developers, has praised NEST for knowing "the scene and suitable candidates," while Georg Flödl of Dr. Funk Immobilien GmbH notes that NEST can perform "size transformations" for properties that are difficult to market. What distinguishes NEST is its ability to connect property owners with creative users, essentially functioning as a matchmaker in the real estate sector. The agency addresses Austria's growing vacancy issue with practical solutions rather than temporary fixes. While operating in the same city as international organizations like the OSCE and various diplomatic missions, NEST focuses specifically on domestic urban revitalization. Their work reflects Vienna's evolving landscape, where repurposing vacant spaces has become increasingly important for urban development. By bringing "new momentum into old places," as Ulreich describes it, NEST is helping transform Vienna's urban fabric while creating sustainable solutions for property owners and communities alike.