2024-01-24-莱坊-Munich_Office_Spotlight_Q4_2023_4页_3mb

报告摘要

Munich Office Market Q4 2023 Summary

This report from Knight Frank analyzes the Munich office market, focusing on supply, demand, and prices. Demand increased in the fourth quarter of 2023, with high absorption of office space. Key metrics include rent levels, vacancy rates, and ongoing construction projects across submarkets.

Key Highlights

Demand and Absorption: Office take-up reached 465,800 sqm in 2023, with the highest quarterly absorption of 141,300 sqm in Q4. The vacancy rate remained stable at 5.80%, and prime rent hit a record high of €47.00/sqm/month, while average rent stayed steady at €24.10/sqm/month.
Supply and Construction: Ongoing developments include significant completions and under-construction projects primarily through 2025, indicating future supply pressures.
Submarket Analysis: Different areas show varying rental ranges and vacancy rates, with the city center having the highest prices and lower vacancy, while peripheral regions have lower rents but higher vacancy.
Market Outlook: The leasing market is expected to recover in 2024, with potential rent increases and moderate decreases in vacancy due to stable demand.

For detailed data, refer to the full report at knightfrank.de/research.

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