2022-04-28-莱坊-European_Office_Dashboard_-_Munich_Q1_2022_2页_311kb

报告摘要

Munich Office Market: Strong start to Q1 2022 with 194,000 sqm take-up, nearly double Q1 2021 levels. Prime rent settled at €42 psqm/month, a historical high, due to high demand in inner city locations. Vacancy rate decreased to 4.9%, ending a trend of vacant space increase. New completions of 250,000 sqm in Q1 and 500,000 sqm under construction indicate continued activity, suggesting the previous year's result may be exceeded.
Overall Trends: Low vacancy rate and high prime rents persist, especially in inner cities, driven by strong demand and scarce space.

Mobility and Unemployment: Google Mobility data in Bavaria shows improving trends as restrictions eased, offering a positive outlook. German unemployment rate dropped to 5%, reaching pre-pandemic levels. The Euro Area unemployment rate is at similar levels.
Service Sector: Employment expectations in Germany's services sector are improving, with projections for stabilization. Services PMI expanded in Q1 2022 after a dip, reflecting eased restrictions and expected growth.