Summary and analysis of Munich's current office real estate market conditions.
Insight
Munich Office Market Dynamics, Q2 2025
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The Munich office letting market recorded a below-average half-year result, with take-up of 260,900 sq.m. Compared to the previous year and the 5-year average, this represents a decrease of 13% in each case; compared to the 10-year average, the first half of 2025 even falls by 26%.
As in previous quarters, the office vacancy rate in Munich continued to rise in the second quarter; currently, around 1.7 million sq.m. of office space is available at short notice, equating to a vacancy rate of 7.6%.
The prime rent for the Munich office market also rose again at the middle of the year, currently standing at €58.00/sq.m./month, an increase of €6.00 or 12% within one year.