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Munich: Office Leasing | Investment Q3 2021

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Office Letting
he Munich office market showed signs of recovery for the first time since the start of the pandemic. The take-up of 440,200 sqm was 5% down yoy, but only in Q3 over 200,000 sqm of take-up was achieved. A main part of the takeup in the last quarter was due to the almost 45,000 sqm lease of the German Patent and Trade Mark Office in a new development near Werksviertel.

 

Investment

After €922 million in the third quarter, commercial transaction volume summed up to almost €4 billion. Despite the lack of core products, which is having a limiting effect on the market, the previous year's result was exceeded by 16%. In total, office properties accounted for 79% of the total volume in the first three quarters.


Munich

Munich: Office Leasing | Investment Q3 2021

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Related Experts

Susanne Kiese

Head of Market Intelligence & Foresight | Düsseldorf

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Susanne joined Colliers International Holding GmbH in February 2016 as Head of Research Germany. Before, she worked as a Senior Research Analyst for Hypothekenbank Frankfurt / Eurohypo, a specialist bank for real estate and public finance for almost 12 years. Susanne was also Research Analyst with Deutsche Gesellschaft für Offene Immobilienfonds (DEGI) GmbH, the property related investment company of Allianz Dresdner Property Group (now part of Aberdeen). 

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Tobias Seiler

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Tobias joined Colliers International, Munich in 2011 after studying urban geography, economics and spatial planning at Ludwig-Maximilians-University in Munich. As a Analyst he is responsible for monitoring and analyzing the commercial real estate market of Munich and Bavaria. Therefore he compiles quarterly market reports and supports the letting and investment teams. Tobias also acts as a consultant for various clients such as developers, institutional investors, asset manager, tenants and offering specific market- and project-analysis as well as market opinions and buy-side advisory services.​ 

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