The take-up in the Munich market area amounted to 237,000 m² in the first half of the year. The result is thus 39% below the comparable figure for the previous year. As in the first three months, below-average market momentum was observed in the second quarter, setting Munich in the trend of the other major office locations. The main reason for the low take-up can be seen in the weak economy in connection with the technical recession. In the past, the office markets have reacted relatively quickly to falls in GDP with sharp losses in take-up, since many companies are waiting for further economic developments before making major investment decisions. This is particularly noticeable in the segment of larger contracts. In the first half of the year, for example, only one deal above 10,000 m² was registered with the owner-occupier deal of the DGB for around 10,500 m² in total. The volume of this size class is therefore only at 4.5%, compared to 18% in the 10-year average. In a nationwide comparison, Munich still occupies second place behind Berlin in terms of take-up for the first half of the year. 


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