Munich Office Market Dynamics, Q4 2025

Total office take-up in Munich remained slightly below the prior year at around 589,300 sq.m. in 2025, with Q4, at about 173,600 sq.m., marking the strongest quarter of the year.

The vacancy rate in Munich rose notably during the year to 8.5%, with approximately 1.9 million sq.m. of office space available to the market on short notice.

Prime and average rents continued to increase in 2025, highlighted by the breakthrough of the €60.00/sq.m./month prime rent. Further upward momentum in rental pricing is also expected for 2026.