Following the first three quarters of 2026, the Munich office lettings market recorded a take-up of around 483,100 square metres, which is just under 18 per cent higher than the previous year’s figure. Demand continues to focus primarily on high-quality space in central locations. This differentiation in quality is also reflected in rents: prime rents rose by just under 11 per cent, whilst average rents remained virtually stable.
In the investment market, the transaction volume rose by nine per cent to around 1.56 billion euros. However, there are no signs of a broad market recovery as yet. Office property remains the most important asset class, accounting for 50 per cent of the market. In addition, interest is increasingly focusing on mixed-use properties and commercial land. Institutional investors are once again selectively seeking core and core-plus products in established Munich locations.
For the year as a whole, Colliers expects office space take-up to exceed 600,000 square metres and the transaction volume to be around two billion euros.
