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Office Market Munich 1st Half 2012

Report

Reihe: BNPPRE City Report

Anbieter: BNP Paribas Real Estate (BNPPRE)

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  • Erscheinungsweise: Halbjährlich
  • Berichtszeitraum: 1. Halbjahr 2012
  • Erscheinungsdatum : 30.06.2012
  • Seiten : 6 Seiten
  • Datei-Typ : PDF-Datei
  • Größe : 2,47 MB
  • Sprache(n) : Englisch

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Inhalt

With take-up of 328,000 m², the Munich office premises market has turned in a very pleasing performance, even though the total fell nearly 17 % short of last year's top result. Overall, the 10-year average was exceeded by 5 %. So the Bavarian capital has defended its leading position among Germany's key office locations by finishing well ahead of Berlin (250,000 m²) and Frankfurt (242,000 m²). Whereas turnover in the equivalent period last year was substantially influenced by several large deals upwards of 10,000 m², take-up this year was fuelled by gratifyingly buoyant market activity in the small and mid-range size categories. Particularly in the 2nd quarter, the scale of demand really speeded up, and the result, at almost 200,000 m², was 54 % higher than in the first three months. Turnover has focused relatively strongly on the municipal area, which accounted for 79 % of the total. The bestperforming office market zone was the city centre, with 53,000 m², in front of centre fringe South, with 48,000 m². The peripheral areas posted a total of 70,000 m² (-31 %).

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