With 460,000 m² of take-up in the first three quarters of 2020, Munich recorded a significant decline of 26%, as expected. However, in a nationwide comparison, Munich is still in a good position. Only Leipzig shows a smaller decrease. That Munich’s office market is at a relatively stable level despite the effects of the lockdown is shown by the fact that take-up is only a good 14% below the long-term average. Furthermore, in absolute terms, only Berlin recorded a slightly higher result, which means that the Bavarian capital is just behind in second place. Nevertheless, the letting volume of only 134,000 m² clearly speaks for itself. Many companies are still uncertain about their economic situation, resulting in postponed decisions. The most important deals include a lease for a good 36,000 m² from Amazon in the municipal area north, another by KrausMaffei Technologies in the region east for 32,000 m² and a lease from KPMG in the municipal area east for a good 31,000 m².

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