(August 16 , 2002) Munich is Germany's largest and strongest market for commercial real estates, reports international realtors DTZ.

The city has 15.3 million square meters of office space in actual use. That's 100,000 square meters more than runner-up Berlin. Number three and four in Germany are Hamburg (12 million square meters) and Frankfurt (9.9 million square meters). Munich's commercial real estate sector has a 2.7% vacancy rate. That is the lowest among the major centers business in Germany - and in Europe as a whole. The comparable figures for London and Dublin (to give but two examples) are 9.7% and 14.7% respectively.

One reason for Munich's success may well be the low rents charged for office space in the city. These are between two and threes times less than those prevailing in London.