Savills: 1% annual fall in prime office rents in Munich in 3Q15
In its latest (3Q15) Market Report on the European office sector, Savills noted that prime rents and secondary rents in Munich were, respectively, EUR408 and EUR290 per square metre per year. Year-on-year growth in prime rentals has slumped from +2% to -1% since 1Q15. Looking forward, Savills anticipates that take-up of office space will remain unchanged. Supply of new space is expected to fall. Prime rents are expected to rkse. In its report, Savills highlighted the shortage of prime office space in the centre of Munich.
Source : Savills/December 2015/Munich/OFF