LOCATION MUNICH

The provincial capital Munich is one of the top positions in the middle of Europe. Greater Munich forms the turnstile on west/east and north/south-trading.
All centres of commerce in Europe are easily obtainable from there.
This status as well as optimal meeting of business conditions causes Munich to be one of Germany’s and Europe’s major economic locations. Functioning networks, a fine infrastructure and many possibilities to obtain services and capital complete the spectrum of vantages.


Population
Munich’s population is about 1.2 Million. 23 Percent are foreigners like in all prosper cities in Europe. That is more than the country’s average. Almost 30 Percent of foreigner people come from countries in the EU.

Economic structure
The power of Munich as business location is based on the variety of its economic structure. All kinds of business and branches of economy operate in Munich.
Global Player and animated medium-sized businesses also big businesses and one-man businesses operate there. High-performance and growing sectors, highly qualified labourer and a diversified economic structure play a decisive role in the economic structure of Munich.
Every sector aids this prosperity by its own. Different location and city rankings of institutes don’t place Munich on top of ladders for nothing.

Estate market
The slight acceleration in demand of office spaces leaded to an increase of area sales about 5% to 480.000 m². Therewith Munich still leads the German estate market. The vacancy is about 1.9 Million m² (9.6%). The most experts in Munich appraise that the bottom is reached. The average lease price for office spaces in good locations matches this situation with constantly about 13.50 €/m² in the year 2005.

Infrastructure
Munich sets global norms with its powerful and dynamic infrastructure.Eight freeways, a huge public transportation system and the Franz-Josef-Strauss airport form a solid transport network.   

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