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Office Market Munich — Figures Compared by Source

What 10 research houses currently report on the office market in Munich — rents, yields, vacancy and investment volume side by side, rather than scattered across separate reports. Where the figures disagree it is usually a matter of differing definitions, so they are shown per source and never averaged.

Rents — Office, Munich

SourceTypeValuePeriodQuoted from report
Colliers International DEPrime62 EUR/m²/monthH1 2026Prime Rent in €/m² Munich 62.00
BNP Paribas RE MarktberichtePrime59.5 EUR/m²/monthH1 2026München bleibt teuerster Standort mit 59,50 €/m²
Grossmann & Berger MarktberichtePrime57.5 EUR/m²/monthQ4 2025Spitzenmiete stieg weiter an: 57,50 €/m²/Monat
German Property PartnersPrime57.5 EUR/m²/monthQ4 2025Die Spitzenmiete stieg weiter an: 57,50 €/m²/Monat
E&G Real Estate Market ReportsPrime57.5 EUR/m²/monthFY 2025Prime rent continues to rise: €57.50/m²/month (+8%)
C&W Office MarketBeat GermanyPrime57 EUR/m²/monthQ2 2026Prime rents continued their upward trend in the second quarter, reaching €57.00/m²/month
C&W DE InsightsPrime57 EUR/m²/monthQ2 2026At €57.00 per sq m per month, Munich remains the most expensive office market
CBRE DE BriefsPrime55 EUR/m²/monthQ2 2026Die Angebotsmieten innerhalb der Mikrolage reichen gegenwärtig von ca. 42,00 bis 55,00 €/m²/Monat
CBRE DE BriefsAverage42 EUR/m²/monthQ2 2026Die Angebotsmieten innerhalb der Mikrolage reichen gegenwärtig von ca. 42,00 bis 55,00 €/m²/Monat
C&W Office MarketBeat GermanyAverage27.55 EUR/m²/monthQ2 2026Average rents also recorded further growth and stood at €27.55/m²/month at the end of the second quarter
C&W DE InsightsAverage27.55 EUR/m²/monthQ2 2026Average rents also recorded further growth, standing at €27.55 per sq m per month at the end of Q2
Grossmann & Berger MarktberichteAverage26.9 EUR/m²/monthQ4 2025Durchschnittsmiete erneut leicht gestiegen: 26,90 €/m²/Monat
German Property PartnersAverage26.9 EUR/m²/monthQ4 2025Durchschnittsmiete erneut leicht gestiegen: 26,90 €/m²/Monat
E&G Real Estate Market ReportsAverage26.9 EUR/m²/monthFY 2025Average rent rises slightly again: €26.90/m²/month (+6%)
Colliers International DEAverage26.8 EUR/m²/monthH1 2026Average Rent €26.80 /m²

Range across all sources: 26.8 to 62 EUR/m²/month. The gap is mostly a matter of differing definitions (Average, Prime), so these values are not directly comparable.

Yields — Office, Munich

SourceTypeValuePeriodQuoted from report
E&G Real Estate Market ReportsNet initial3.1 %FY 2025Net prime yields 2025 Office 3.10
BNP Paribas RE MarktberichteNet initial4.2 %H1 2026München (4,20 %)
German Property PartnersNet initial4.2 %FY 2025Netto-Spitzenrenditen Büro 4,2
German Property PartnersPrime4.2 %Q4 2025München (4,20 %)
Grossmann & Berger MarktberichteNet initial4.2 %Q4 2025Netto-Spitzenrendite Büro: 4,2 %
Colliers International DEPrime4.3 %Q1 2026€ 618 m 4.30 % Munich
CBRE DeutschlandNet initial4.4 %Q1 2026Die Spitzenrendite blieb zum Jahresende mit 4,40 % stabil auf dem Niveau des Vorquartals
Colliers International DEGross4.4 %Q2 2026Prime Yield (Gross) Offices Munich 4.40 %
C&W MarketBeat GermanyPrime4.6 %Q1 2026Office Prime Yield
C&W Office MarketBeat GermanyPrime4.6 %Q1 2026Munich 4.60 Prime Yield in MARKET STATISTICS table

Range across all sources: 3.1 to 4.6 %. The gap is mostly a matter of differing definitions (Gross, Net initial, Prime), so these values are not directly comparable.

Vacancy — Office, Munich

SourceTypeValuePeriodQuoted from report
BNP Paribas RE Marktberichte—8 %H1 2026München (8,0 %)
C&W DE Insights—9.2 %Q2 2026the vacancy rate rose to 9.2%, up 40 basis points quarter-on-quarter and one percentage point year-on-year
C&W Office MarketBeat Germany—9.2 %Q2 2026office vacancy in Munich increased to approximately 2.01 million m². This corresponds to a vacancy rate of 9.2%
E&G Real Estate Market Reports—9.2 %FY 2025Vacancy rate rises to approx. 9.2% (approx. 2,180,400 m²)
German Property Partners—9.2 %Q4 2025Die Leerstandsquote in München stieg auf ca. 9,2 %
Grossmann & Berger Marktberichte—9.2 %Q4 2025Die Leerstandsquote in München stieg auf ca. 9,2 %
Colliers International DE—10.2 %H1 2026Vacancy Rate in % Munich 10.2

Range across all sources: 8 to 10.2 %.

Investment Volume — Office, Munich

SourceTypeValuePeriodQuoted from report
Grossmann & Berger Marktberichte—2.4 EUR bnFY 2025Transaktionsvolumen von etwa 2,4 Mrd. €
German Property Partners—2.4 EUR bnFY 2025München (2,4 Mrd. €)
BNP Paribas RE Marktberichte—0.85 EUR bnFY 2025Auf dem zweiten Platz folgt München mit einem Ergebnis von 846 Mio. € (+71 %)

Range across all sources: 0.85 to 2.4 EUR bn.

Transactions — Office, Munich

SourceTypeValuePeriodQuoted from report
Grossmann & Berger Marktberichte—200 EUR mnFY 2025ca. 200 Mio. €
German Property Partners—200 EUR mnFY 2025Käufer: Stumpf Development, Verkäufer: Signa, ca. 200 Mio. €
E&G Real Estate Market Reports—200 EUR mnFY 2025Corbinian Price: ca. € 200m

Underlying market reports

Every figure on this page comes from one of the published market reports below, and is shown with the sentence it was taken from.

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AI-generated: figures extracted automatically from the source reports and not manually verified. Each value shows its original quote.