office market munich - BNP PARIBAS Real Estate Deutschland

Key indicators Munich in the 1st half 2012
Rents
(€/m²)
1 City Centre
1.1 City Centre
Take-up
(m²)
Vacant space
(m²)
top rent* average total modern normal
2012 total
of this, since
completion
total
of this, since
completion
unrefurbished
2013
until June
Space under construction
(m²)
Space on offer
(m²)
finished total available available projected
2013
from July
1 2 3 4=(5+7+9) 5 6 7 8 9 10 11 12=(10+11) 13 14=(4+13) 15
33.00 20.50 53,000 151,500 55,000 9,500 92,000 4,000 4,500 55,000 5,000 60,000 29,000 180,500 19,000
1.2 Bogenhausen
20.00 16.00 4,000 14,000 1,000 1,000 13,000 0 0 6,500 0 6,500 6,500 20,500 6,500
2 Centre Fringe (inside Mittlerer Ring)
2.1 Centre Fringe North
24.00 14.20 15,000 46,500 7,000 2,000 38,000 0 1,500 2,500 0 2,500 1,500 48,000 19,500
2.2 Centre Fringe South
16.00 12.90 48,000 211,000 72,000 51,500 138,000 1,000 1,000 42,000 8,000 50,000 11,000 222,000 18,500
2.3 Arabellapark
16.00 14.00 1,000 5,000 1,000 0 4,000 0 0 0 25,500 25,500 25,500 30,500 0
2.4 Westend
16.50 13.50 16,000 40,500 3,500 1,000 37,000 0 0 0 0 0 0 40,500 15,500
2.5 Theresienhöhe
18.00 16.30 8,000 28,000 24,000 19,500 4,000 3,500 0 0 0 0 0 28,000 0
2.6 Arnulfpark
22.00 17.50 21,500 21,500 21,500 21,500 0 0 0 0 0 0 0 21,500 68,000
3 Subcentres
3.1 Moosach/Milbertshofen
17.00 14.00 41,000 41,500 7,500 1,500 32,500 0 1,500 11,500 27,000 38,500 13,000 54,500 144,000
3.2 Parkstadt Schwabing
20.00 16.00 3,000 27,000 25,500 20,000 1,500 1,000 0 0 0 0 0 27,000 145,000
3.3 Neuperlach
12.00 10.50 0 59,000 0 0 59,000 0 0 0 0 0 0 59,000 66,000
3.4 Messestadt Riem
14.50 14.00 6,000 17,000 17,000 5,500 0 0 0 0 0 0 0 17,000 65,000
3.5 Remaining Municipal Area
16.50 11.70 41,500 298,500 58,000 31,000 227,000 3,500 13,500 10,500 48,500 59,000 23,500 322,000 153,000
Total Munich 258,000 961,000 293,000 164,000 646,000 13,000 22,000 128,000 114,000 242,000 110,000 1,071,000 720,000
4 Periphery
4.1 Region North
12.50 10.80 42,500 243,100 54,500 2,500 179,000 0 9,500 7,000 15,000 22,000 0 243,000 75,000
4.2 Region East
12.50 9.60 10,500 119,800 32,000 0 80,000 0 0 0 0 0 0 120,000 29,000
4.3 Region South
12.50 9.70 4,500 100,700 1,000 1,000 97,500 0 2,000 0 0 0 0 100,500 23,000
4.4 Region West
13.50 11.50 12,500 17,400 1,500 1,500 14,500 0 1,500 4,000 6,000 10,000 9,000 26,500 8,000
Total Peripherie 70,000 481,000 89,000 5,000 379,000 0 13,000 11,000 21,000 32,000 9,000 490,000 135,000
Total 328,000 1,442,000 382,000 169,000 1,025,000 13,000 35,000 139,000 135,000 274,000 119,000 1,561,000 855,000
* The top rent given applies to a market segment of 3–5 % in each case.
OFFICE MARKET MUNICH 1st HALF 2012 CITY REPORT
© BNP Paribas Real Estate GmbH, June 30, 2012