Altstadt-Lehel is a trophy-tier Class A submarket of Munich with average asking rent around €60/sqm/mo · ≈ $72.2 PSF/yr USD.
Historic CBD trophy. · Tier: trophy · Avg rent: €60/sqm/mo · ≈ $72.2 PSF/yr USD
Altstadt-Lehel anchors Munich's historic CBD — limited inventory, structural supply constraints, and a deep base of banking, law, and insurance HQs.
Banking, law, insurance, family offices, government.
15–40,000 sqft floor plates available across newer Class A stock; 9'+ slab-to-slab and modern MEP common.
Marienplatz (U3, U6, S1-S8), Odeonsplatz (U3, U4, U5, U6).
Multi-modal transit captures the metro's principal professional catchment.
Marienplatz, Frauenkirche, Hofbräuhaus.
Altstadt-Lehel is one of 5 Class A submarkets we cover in Munich, classified as trophy tier with an average asking rent around €60/sqm/mo · ≈ $72.2 PSF/yr USD. Compared with the broader Munich Class A stock, Altstadt-Lehel typically attracts Banking, law, insurance, family offices, government and competes most directly with the city's other trophy submarkets on building specification, transit access, and amenitisation.
Adjacent submarkets to study alongside Altstadt-Lehel: Maxvorstadt & Schwabing, Werksviertel, Arnulfpark & Hauptbahnhof, Bogenhausen & Riem. The full Munich submarket atlas is at /cities/munich.
For an institutional Class A occupier evaluating Altstadt-Lehel, the highest-leverage analyses to commission next are the rent benchmark, the concession-package comparable, and the ESG performance baseline. Class A Atlas covers each as a dedicated topic page for this submarket:
Terminology specific to Munich Class A leasing and to the trophy tier: Class A, Trophy asset, Effective rent, Concession package, TI allowance, Submarket tier.
Reviewed by Samuel Okafor — EMEA contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.