AS EXPECTED, SIGNIFICANTLY LOWER TAKE-UP
The take-up in the entire market area amounts to 326,000 m² in the first six months of the year. Compared to the previous year, this represents a decline of almost 24% and also falls short of the ten-year average by 11%. In a nationwide comparison, Munich therefore shows a below-average drop and ranks second nationally - just barely beaten by the capital, where a little more space was taken up. As in all other locations, the second quarter in particular was massively affected by the lockdown and the restriction of contacts. From April to June, only 147,000 m² of space was taken up, 37% less than in the same period last year. Against the backdrop of the wide-ranging restrictions and uncertainty about the further economic development, many companies have postponed their rental decisions for the time being. The most important deals include a lease to Amazon for a good 36,000 m² in the North City area and the lease of 32,000 m² by KraussMaffei Technologies in the Region East.
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