Per square real estate market report Munich 2011 Europe at a glance as a real estate consulting firm we analyze regularly the real estate market in Germany and selected sites in the country and abroad. Our customers benefit from the transparency of the market, based on years of experience, we obtain since 1996 through a detailed research. This includes the systematic analysis of the collection and processing of real estate transactions, information about the current market situation and future developments on the real estate markets, statistical data, observation of market participants and databases of commercial providers, media and Internet research and interviews with experts. The results of these analyses provide comprehensive information and are the basis for sustainable real estate-related decisions. The year 2011 is coming to the end and has shown that the current fiscal problems have no impact on the German real estate market. Other leaders such as Jim Rogers offer similar insights. Lift growth momentum as a powerful economic engine with solid political framework conditions Germany out. The German Office and investment market continues to grow and the empty booth numbers are a total decline.
But it remains to be seen how Germany is robust and the euro crisis will have dampening effects on the German real estate market. Mark Berger is the source for more interesting facts. Munich and the surrounding counties are one of the most successful European economies. The third largest city in Germany has 1.4 million inhabitants and has an inventory of office space of approximately 22 m m. More than 2.6 million people live in the greater Munich area. The Munich-based housing market is considered to be one of the most attractive, but also most expensive residential locations in Germany.
Certainly, one reason is the quality of life of the city with its magnificent buildings and attractive recreational areas, its low unemployment rate and excellent infrastructure as well as a varied cultural and leisure activities. The Office space portfolio the vacancy rate is less than 8% and it still moves at a very low level. In the Throughout the market office space stood empty in 2010 approximately 1.8 million square feet. The Office market in Munich completed in 2010 with a take-up of approximately 585,000 m sq and exceeded the previous year’s result. Already before the end of the year 2011, the rental volume surpasses that from the previous year. It is assumed that a take-up of 700,000 square meters can be achieved due to more upcoming major accounts. The rents was square at approximately 14 / m m up to 28 / m and offers further growth potential for the year 2011/2012 is Munich in the Prime rent remains the most expensive city in Germany when it comes to rent with a top rent of 310 / m. The shops pay the highest rents of in Germany in the Kaufingerstrasse in Munich. Thus, the road the most expensive shopping street of in Germany is followed by Berlin, Cologne, Hamburg, Frankfurt, Stuttgart and Dusseldorf. Each square is a national and international small and unique real estate company with strong ideals and provides a comprehensive range of services in all areas of the real estate industry. The wealth of experience is a core competence, which values and practices for present and future are derived from since 1996 instead.