The Munich market is not only benefiting from the expansion of companies based in the city but also from the city’s increasing significance on the global economic stage, which is causing a number of companies to open new offices in the Bavarian capital. In view of the slightly weaker economic performance expected for 2019, takeup will likely fall short of 2018 results. However, we can expect to see between 800,000 sqm and 850,000 sqm, a result still well above the longterm average.
There are many indications that the Munich market will continue to find a place at the top of investor agendas in 2019. We expect to see more highvolume deals in Q1 with additional transactions already announced for the quarters to follow.