Josefstadt is the 8th and the smallest district of Vienna. Its total area is only 1.09 km². Nevertheless, it has its own special features. For historical reasons almost all Vienna`s mayor have lived in Josefstadt and now also the Federal President. Nevertheless, it is a very calm and central district and is known as the “district of villas”. This name has Josefstadt got because of the high number of mediaeval urban villas which embellish the beautiful district. Due to a scarcity of building sites city mansions have been rebuilt into living spaces.
In the 8th district live 24,518 people. Due to the proximity to the main university of Vienna there are a lot of apartments rented to students. There are only 62 of 972 apartment buildings in total which were built after 1991 in Josefstadt. The average living space is approx. 83 m². Regarding all mentioned factors is the average price per square meter in Josefstadt around € 6,867. The leasing price is around € 14,78/m².