• Against the backdrop of the almost unavailable supply of office space that can be moved into at short notice, take-up fell by 19% year-on-year to 197,300 sq m. Nevertheless, the result, which was 13% above the 10-year first quarter average, can be assessed as solid
  • A good quarter was accounted for by lettings of over 5,000 sq m each. In terms of the total number, more than three quarters of the lettings in Q1 were concluded in the small space segment of less than 1,000 sq m
  • Due to the limited supply, there is still strong demand for project developments. As a result, 55 % of the development pipeline until 2021 has already been pre-let
  • The unrestrained high demand pressure is causing rents in Munich to rise further. Factors such as the large number of lettings in project developments and rent increases due to rising construction costs also play a major role