Germany - Bayern

Office Market Munich - Q3 2011

Q3 - 2011

Office market Munich Q3 2011

The Munich office letting market has on the whole been dynamic in 2011 to date. With a take-up volume in the last nine months of around 597,200 sq m, by far the greatest lease take-up of the top 5 office markets was achieved. Owner-occupiers accounted for 8%. Above all, thanks to the strong take-up in the second and third quarters, the full year figure of the previous year of 577,300 sq m has already been exceeded. Looking at the same period of the previous year, there has been a significant rise in take-up of 38%. Office vacancy has reduced further during the year due to the positive market situation. At the end of the quarter around 1.7 million sq m office space was vacant in Munich, equating to a vacancy rate of 8.3% (Q3 2010: 8.5%). By contrast, the prime rent for premium space in the high-priced city centre area has remained stable since the start of the year at €30.00 /sq m/month; however the high demand in this segment signifies a general upward trend.







topic: properties lease rent Munich, realestate Munich, real estate prices Munich, real estate market report Munich, market analysis Munich, commercial real estate Munich, commercial property to let Munich, real estate business Munich, office space in Munich, real estate agents Munich, office to rent in Munich, property market Munich, rent - lease commercial properties Munich,

Author(s): several

Source: CB Richard Ellis

Published: 27.10.2011