Demand for space in Munich’s logistics lettings market remains high. Logistics service providers, in particular, are seeking large-scale sites to expand their regional distribution networks. However, the limited supply of space and high rent levels are making it difficult to fulfil many of these requests. Tenants continue to be selective in their leasing decisions, with the result that take-up after nine months is below average.
Demand is also rising in the light industrial segment, particularly from the robotics sector. It is currently possible to meet the majority of these enquiries. For the year as a whole, Colliers expects take-up to remain at the previous year’s level. Several lettings exceeding 5,000 square metres are already at an advanced stage of negotiation.
Munich remains an attractive location in the investment market due to its economic strength and diversity of sectors. However, the lack of available properties continues to limit transaction activity.
