How many Class A submarkets are in Munich?

5, ranging from trophy (Altstadt-Lehel) down to established and emerging clusters.

Munich has 5 distinct Class A submarkets we track, anchored by Altstadt-Lehel at the trophy tier.

5 submarkets covered.
Trophy tier: Altstadt-Lehel, Werksviertel.
Prime tier: Maxvorstadt & Schwabing, Arnulfpark & Hauptbahnhof, Bogenhausen & Riem.
Established/emerging tier: —.

Munich Class A submarkets

Munich has 5 distinct Class A submarkets we track, anchored by Altstadt-Lehel at the trophy tier.

TL;DR

5 submarkets covered.
Trophy tier: Altstadt-Lehel, Werksviertel.
Prime tier: Maxvorstadt & Schwabing, Arnulfpark & Hauptbahnhof, Bogenhausen & Riem.
Established/emerging tier: —.

By tier

**Altstadt-Lehel** (trophy, ~€60/sqm/mo · ≈ $72.2 PSF/yr USD) — Historic CBD trophy. **Maxvorstadt & Schwabing** (prime, ~€48/sqm/mo · ≈ $57.8 PSF/yr USD) — Universities and corporate trophy. **Werksviertel** (trophy, ~€52/sqm/mo · ≈ $62.6 PSF/yr USD) — Tech and creative trophy frontier. **Arnulfpark & Hauptbahnhof** (prime, ~€50/sqm/mo · ≈ $60.2 PSF/yr USD) — Trophy expansion corridor. **Bogenhausen & Riem** (prime, ~€38/sqm/mo · ≈ $45.8 PSF/yr USD) — Suburban trophy and trade fair belt.

Key facts

city	Munich
country	Germany
region	EMEA
classARentLocal	56 EUR/sqft/yr
classARentUsd	$61/sqft/yr
vacancy	6.1%
typicalLeaseYears	5
typicalRentFreeMonths	3
submarkets	5
primeYieldPct	3.9%
trophyCount	2
primeCount	3

Frequently asked questions

How many Class A submarkets are in Munich?: 5, ranging from trophy (Altstadt-Lehel) down to established and emerging clusters.

Editorial provenance

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

Primary sources for this page

CBRE Marketview reports — CBRE
JLL Office Insight — JLL
Cushman & Wakefield Marketbeat — Cushman & Wakefield
Savills World Research — Savills
Colliers Global Office Outlook — Colliers

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