A guide to office space in Munich

Munich, in the province of Bavaria, is the third largest city in Germany, populated by businesses from the software, finance, publishing, biotechnology, and service industries. The city is home to a number of multinational corporations, international authorities, tourist attractions, and learning institutions. Munich is the economic hub of southern Germany, with excellent local and international transport links.

The location

Munich has a number of different business districts. The city is divided into 25 boroughs of mixed commercial and residential use.

Neighbouring areas - price comparisons, per person per month

Below are the prices of serviced offices given on a per person per month basis in the city, and are based on a minimum to maximum average, derived from our Sales Team's knowledge.
Area Indicative price range
Munich Central - Cost-Effective  €500 – 700
Munich Central - High-Standard Options  €600 – 900
Messestadt €400 – 500


Looking for an office in Munich

Munich is a very decentralised market, however, if international companies are looking to base their business in the city and need good access to air travel, then our local expert Florian Kappes would recommend offices in the north of Munich, because the airport is quite far out from the city centre.

In general, the Munich serviced office market is healthy, with occupancy rates around 80 – 85%. Because the conventional market is quite well rented, landlords will usually ask for long-term commitment, so companies that are unsure about long-term development should start with serviced offices. The large variety of options in the marketplace caters for most needs, from peripheral low-cost options to high-spec space in the historic city centre.

Costs

The prices for serviced office space can range from €350 – 800 per desk, depending on the location and requirements. These costs also cover amenities, which may include Internet, meeting rooms, kitchen facilities, reception services, AV equipment and parking.

Office sizes

Many clients rent small offices of up to four people to set up their businesses in the Munich area. However, we also have the capacity for large short-term project space, and due to the many options we list, we're usually able to put offices forward, even if a client requires space for over 20 people.

Indeed, Instant Offices offer a great variety of office sizes, and are able to accommodate most enquiries, from one person through to 100 or more, depending on the specifics.


Why choose Munich?

Munich is an ideal city in which to base your business – it's centrally located with excellent transport links, whether you’re travelling via road, rail or air. Munich also provides a strong economic environment, supported by the healthy economy of Bavaria itself. There is also the added convenience of being close to major German corporates, particularly for those in the supply chains, and the overall prestige of a business address in one of Germany’s largest and richest cities.

Five things you probably didn’t know about Munich: 
  • Most of the world-famous beer festival, Oktoberfest is actually held in September; Oktoberfest ends the first weekend in October
  • Munich’s Deutsches Museum is the largest science and technology museum in the world
  • Munich is one of the world’s major publishing centres; there are about 250 publishing houses in the city
  • The city’s motto is “München mag Dich” (Munich likes you)
  • The major streets of the old town were pedestrianized for the Olympics in 1972 and have stayed as such ever since

A closer look at Munich

These are the most popular areas in which to rent office space:

Unterföhring

Unterföhring is the heart of the German media and telecommunications industry, home to big companies such as Sky Germany, Kabel Deutschland, and ProSiebenSat.1 Media AG, a German mass media company. As well as media corporations, a number of major insurance firms can be found here.

Schwabing

Schwabing, in the north of Munich, used to be known as the city’s bohemian quarter, but is now a major shopping district, populated by students, retailers, and some large German corporates, like BMW. The famous Leopoldstrasse — a major boulevard — crosses through Schwabing, and is a highly-coveted business address.

Neuperlach

Located in the south of the city, Neuperlach is populated primarily by businesses in the insurance and high-tech industries. A number of large multinational corporations are headquartered here, such as Allianz SE insurance; BSH Bosch, and Siemens Home Appliances; Wacker Chemie, a chemical business; Generali Insurance; D.A.S. Insurance and Capgemini, a provider of technology and consulting services.

Want to find out more?

If you’re looking to move into the area, or simply require more information, contact Instant Offices' specialist local consultants.

Email our team or call us and we'll be delighted to help you.


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