2023-11-06-莱坊-Munich_Office_Spotlight_Q3_2023_4页_3mb

报告摘要

This summary analyzes the Q3 2023 spotlight on the Munich office market from knightfrank.de/research.

The office market in Munich shows a continuing downward trend in take-up, reaching an all-time low of 324,500 square meters year-to-date, with Q3 take-up alone at 85,400 square meters.
Prime rent remains at a record high of €46.00 per square meter per month, despite low demand.
Vacancy rate has stayed stable at 5.8%, indicating limited new supply and persistent high vacancy levels.
New completions are minimal, with a steady stream of under-construction projects anticipated through 2025, but overall supply is expected to increase gradually.

Detailed breakdowns:

Old Town: High prime rent (up to €46.00), low vacancy (1.6%).
City Center: High demand, prime rent around €46.00, vacancy stable.
City Area and Periphery: Moderate to higher vacancy rates (up to 9.5%), with rent ranges from €12.50 to €9.50 per square meter per month.

For Q4 2023, low demand is expected to persist, with take-up likely to remain near historical lows.
Prime rent will stay at approximately €46.00 per square meter per month.
Vacancy rate is forecast to remain below 6.0%, supported by limited new supply and ongoing market dynamics.

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