What is the average Class A rent in Munich?

Around 56 EUR/sqft/yr ($61 USD) across the broader Class A index. Trophy submarkets like Altstadt-Lehel command 20–40% above that.

How many months of rent-free are normal in Munich?

3 months on a 5-year deal is the standard benchmark. Lease-up product or tenants with strong covenant strength can push higher.

Are rents rising or falling in Munich?

The Munich Class A market is currently flat. Vacancy is 6.1%, which sets the negotiating context.

Headline Class A rent in Munich is around 56 EUR/sqft/yr ($61 USD), with 3 months of typical rent-free on a 5-year term.

Headline Class A rent: 56 EUR/sqft/yr ($61 USD).
Trophy submarket rents (Altstadt-Lehel) push to roughly €60/sqm/mo · ≈ $72.2 PSF/yr USD.
Typical concessions on a 5-year deal: 3 months free rent.
Vacancy stands at 6.1% — market trend is flat.
Use effective rent (face minus PV of concessions), not headline, to compare deals.

Munich Class A office rents and incentives

Headline Class A rent in Munich is around 56 EUR/sqft/yr ($61 USD), with 3 months of typical rent-free on a 5-year term.

TL;DR

Headline Class A rent: 56 EUR/sqft/yr ($61 USD).
Trophy submarket rents (Altstadt-Lehel) push to roughly €60/sqm/mo · ≈ $72.2 PSF/yr USD.
Typical concessions on a 5-year deal: 3 months free rent.
Vacancy stands at 6.1% — market trend is flat.
Use effective rent (face minus PV of concessions), not headline, to compare deals.

Headline rent vs. effective rent

Asking rents in Munich are quoted in EUR per sqft per year. Across the broad Class A index the figure is 56, but the trophy tier in Altstadt-Lehel reaches roughly €60/sqm/mo · ≈ $72.2 PSF/yr USD. Always discount headline rent by the present value of free rent and fit-out-capex">tenant improvement allowance to land on effective rent — the only number that compares cleanly across deals.

Rent-free and TI

Standard Munich concessions on a 5-year Class A lease run to 3 months of base-rent abatement. Trophy lease-ups can push rent-free 25–40% above that benchmark. Local cost-of-occupancy is also shaped by tax — 15% federal corporate income tax plus 5.5% solidarity surcharge plus Munich trade tax (Gewerbesteuer) of 17.15% for an effective combined rate of about 33%. Munich's trade tax multiplier is one of the highest in Germany.

Where rents land by submarket

Altstadt-Lehel sits at the top end (~€60/sqm/mo · ≈ $72.2 PSF/yr USD). Maxvorstadt & Schwabing clears around €48/sqm/mo · ≈ $57.8 PSF/yr USD as the prime tier. The full submarket map is on the Munich city page.

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%
trophyRent	€60/sqm/mo · ≈ $72.2 PSF/yr USD
primeRent	€48/sqm/mo · ≈ $57.8 PSF/yr USD

Frequently asked questions

What is the average Class A rent in Munich?: Around 56 EUR/sqft/yr ($61 USD) across the broader Class A index. Trophy submarkets like Altstadt-Lehel command 20–40% above that.
How many months of rent-free are normal in Munich?: 3 months on a 5-year deal is the standard benchmark. Lease-up product or tenants with strong covenant strength can push higher.
Are rents rising or falling in Munich?: The Munich Class A market is currently flat. Vacancy is 6.1%, which sets the negotiating context.

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

Full sources index · Submit a correction