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Munich Office Q3 2014

Report

Reihe: CBRE MarketView

Anbieter: CBRE Group

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  • Erscheinungsweise: Quartalsweise
  • Berichtszeitraum: 3. Quartal 2014
  • Erscheinungsdatum : 01.11.2014
  • Seiten : 6 Seiten
  • Datei-Typ : PDF-Datei
  • Größe : 513,59 kB
  • Sprache(n) : Englisch

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Inhalt

From January to the end of September 2014, a total office take-up of 419,200 sq m was registered in the Munich office leasing market. Around 4% of this was attributable to owner-occupier transactions. Take-up is around 3% down compared with the same period in 2013, which is mainly the result of a lack of large-scale transactions in the second and third quarters. The high level of demand, particularly for modern office space in city locations, has continued to cause rental price increases in Munich. The weighted average rent has risen by around 5% year-on-year to €15.82 /sq m/month. The achievable prime rent is currently €33.00 /sq m/month, which is around 3% above the previous year's level. The vacancy rate (excluding space available for subletting) has fallen by 0.1 %-points to its current level of 7.0%.

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