Savills: 750,516 square metres of office space taken up in Munich in 2015

Realopedia Global Real Estate Portal

Savills’ February 2016 report on the main office markets of Germany noted that, across the six largest markets, some 3,316,758 square metres of space was taken up in 2015. Munich accounted for 750,516 square metres, an increase of 26.6% relative to 2014. As of 3Q15, the office vacancy rate in Munich was 6.8%, or 30 basis points less than in 2Q15. Prime rents in Munich were EUR28.38 per square metre per month, up 0.9% relative to 2Q15. Average rents were 1.5% higher at EUR15.29 per square metre per month.

Source : Savills/Mar 2016/Munich/OFF