Take-up of office real estate in Munich, Germany 2013-2023
The gross volume of office real estate leased or sold in Munich, Germany, peaked at 995,000 square meters in 2018 but has since decreased. In 2023, the office real estate take-up amounted to 467,000 square meters, which was the lowest figure recorded since 2013. This trend of declining office demand was observed across most of the major European markets.