The strong take-up result of 758,700 sq m in the previous year was followed by 182,700 sq m in the first quarter of the new year. This roughly corresponds to the figure of the comparative quarter in the previous year
Munich’s stable market activity is mainly due to the extremely diversified demand structure. Take-up spread was quite balanced on the smaller, medium and larger office space segment
Currently, with 999,500 sq m, almost 28% less office space is vacant in Munich than in the same time of the previous year. The corres-ponding vacancy rate of 4.7% marks the lowest level since the boom phase in 2003
The market environment in Munich remains characterised by enduring high demand and an increasing shortage of modern office supply. Thus, the upward trend in office rents continued in the first quarter of 2016
Germany's population is ageing; its number of care-dependent people will rise substantially in the coming years. There is a great need for expansion and renovation in Germany's care accommodations, if demand is to be met. With this demographic shift—as well as declining yields on traditional assets and health properties’ increased resistance to the business cycle—investor interest in this asset class has increased significantly, and the market is expected to continue to grow.