2022-07-22-莱坊-Munich_Office_Spotlight_Q2_2022_4页_281kb

Munich's office market in Q2 2022 recorded a record high take-up of 399,800 square meters, reflecting stable demand. The vacancy rate increased moderately to 5.1 percent, marking an end to the downward trend observed in the previous three months. Prime rents rose to €42.50 per square meter per month.

Historical data shows fluctuations in market activity, with take-up, vacant space, and rental trends over the years indicating steady office market performance. Submarkets vary significantly, with CBD and city centers having lower vacancy rates (2.2 percent to 4.7 percent) and higher prime rents, while peripheral areas have higher vacancy (up to 9.0 percent) and lower rental rates.

The outlook suggests the market will continue to stabilize in the coming months despite economic uncertainties, with prime rents facing upward pressure due to strong demand, particularly in prime locations, and vacancy expected to remain around 5 percent.

This document is a Knight Frank Research report published for general information only and may not reflect the firm's stance on specific properties or projects.