• The lack of space in Munich as well as in surrounding areas is tremendous – in 2018 the lowest take-up volume since ten years was recorded.
  • New Developments are hardly possible since suitable properties are not available.
  • In 2018, only 49,000 sq m (-20%) of newly developed space were completed.
  • Due to the very good economic situation, especially in and around Munich, the interest in new commercial sites from many communities is fairly low – concerns in view of traffic loads predominate.
  • Due to the lack of space, prime rents continued to rise in 2018. However, it should be borne in mind that the most sought-after and thus most expensive spaces are located within the city, where the take-up of space was very low.
  • Strong demand and existing short supply will continue to diverge in 2019.
  • The market dynamics could again ensure above-average take-up of space in the year as a whole if suitable properties become available.