Munich Class A vacancy is 6.1% with the market trending flat — pipeline visibility matters more than headline vacancy.

  • Headline vacancy: 6.1%; trend flat.
  • Trophy submarket (Altstadt-Lehel) typically clears at half headline vacancy.
  • New construction lead time is 36–60 months — pipeline is largely fixed for the next cycle.
  • Pre-let activity dominates the new-build pipeline.

Munich Class A office availability and pipeline

Munich Class A vacancy is 6.1% with the market trending flat — pipeline visibility matters more than headline vacancy.

TL;DR

  • Headline vacancy: 6.1%; trend flat.
  • Trophy submarket (Altstadt-Lehel) typically clears at half headline vacancy.
  • New construction lead time is 36–60 months — pipeline is largely fixed for the next cycle.
  • Pre-let activity dominates the new-build pipeline.

Headline vs trophy availability

Headline Munich Class A vacancy of 6.1% includes a long tail of older, less-amenitised stock. The trophy tier in Altstadt-Lehel typically clears at materially below headline.

Pipeline visibility

Construction lead times of 36–60 months mean the next cycle's supply is already largely visible. Tracked pipeline includes 5 notable assets in Munich.

Key facts

cityMunich
countryGermany
regionEMEA
classARentLocal56 EUR/sqft/yr
classARentUsd$61/sqft/yr
vacancy6.1%
typicalLeaseYears5
typicalRentFreeMonths3
submarkets5
primeYieldPct3.9%

Frequently asked questions

Is Munich Class A office tight right now?
Headline vacancy is 6.1%. Trophy is materially tighter; older Class A and Class B carry the long tail.

Editorial provenance

Reviewed by Samuel Okafor — EMEA contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.

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