Munich Office Market 2025 – Insights from the ULI Germany Young Leaders Event
- Gunnar Gombert STRATEGY CONSULTING
- 12 minutes ago
- 2 min read
At the end of April 2025, our founder Prof. Dr. Gunnar Gombert took on a dual role: as a Professor of Real Estate Management at IU International University and as Strategic Advisor Capital Markets at Cushman & Wakefield. The occasion was the ULI Germany – Young Leaders Event, hosted at Cushman & Wakefield’s Munich offices. Seizing the opportunity, he brought along his students from the “Ownership and Property Transfer” course – a successful bridge between academia and practice.
The event focused on the Munich office market in 2025, highlighting its current developments, challenges, and future outlook. The content presented was based on the latest data from Q1 2025 and included insights gathered at MIPIM.
Market Dynamics – Between Stagnation and Selective Opportunities
The presentation made it clear: the era of stable rental and investment markets is over. Munich’s CBD remains one of the most expensive office locations in Germany, with prime rents reaching up to €67/sqm. At the same time, prime yields remain stagnant – a signal of ongoing uncertainty and increasingly selective investment behavior.
Demand is becoming more differentiated: high-quality, ESG-compliant spaces with New Work flexibility remain attractive, while secondary assets face growing pressure. Many companies are reassessing their space requirements – space consolidation and hybrid workplace models are shaping the current discourse.
Strategic Recommendations for 2025
The subsequent analysis delivered clear strategic takeaways:
Focus on core-stable locations with strong alternative use potential
Active portfolio optimization and exit strategies for high-risk assets
Flexible space management as a key to tenant retention
ESG integration not just as a compliance issue, but as a strategic value driver
Students also gained valuable practical insights: through discussions with industry professionals, they explored real-world investment decisions, leasing structures, and emerging concepts like “Space-as-a-Service.”
Conclusion
The event was a well-rounded combination of market analysis, strategic perspective, and personal exchange – with the next generation of real estate professionals right at the center.
Gunnar Gombert Strategy Consulting advises investors, asset holders, and developers on strategic positioning, market insights, and capital markets – always with a focus on what the market truly needs.
