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High demand for office space in Munich's art block!
Aigner Immobilien is brokering an attractive office space in the Kunstblock, Munich's city center. High demand despite increasing vacancies.
High demand for office space in Munich's art block!
Aigner Immobilien GmbH has successfully brokered an office space in Munich. The newly acquired area covers around 170 square meters and is located in the art block on Ottostrasse, a central location between Königsplatz and Karlsplatz (Stachus). The buyer, an asset manager, plans to use the rooms for his own purposes. This deal underlines the continued high demand for commercial space in Munich's city center.
Despite increasing vacancies in the city, the search for small-scale spaces in the city center remains intensive. These small office spaces can be used flexibly and offer potential tenants a wide range of possible uses, such as a doctor's practice, law firm or modern office. The limited availability of such space makes it increasingly attractive for investors and companies.
Market development in Munich
How Cushman & Wakefield reports, the Munich office market is currently registering a paradoxical trend: While vacancies are increasing in some areas, the demand for smaller, flexible-use spaces remains unbroken. This shows that companies are increasingly looking for spaces that meet their specific needs.
The analysis of the office market in Munich makes it clear that competition for commercial space is particularly intense within the Middle Ring. The demand, especially for small areas, is increasing, while the supply is limited. This interaction makes the marketing of such areas a strategic challenge for real estate companies.
The successful brokerage by Aigner Immobilien is an example of the dynamic developments in the Munich commercial real estate market. The combination of central location and the flexibility of the space plays a crucial role in the decision-making of buyers and tenants.