Munich As a Business Location. Facts and Figures
City of Munich Department of Labor and Economic Development
Munich as a business location. Facts and Figures
2016
City of Munich Department of Labor and Economic Development
Herzog-Wilhelm-Strasse 15 D-80331 München Germany
Economic data Phone +49-89-233 2 53 25
Economic development Phone +49-89-233 2 16 27
www.wirtschaft-muenchen.de www.welcome.munich.de
Munich as a business location. Facts and figures 2016
Published by the Department of Labor and Economic Development, February 2016, Vol. No. 300 Dear Reader,
This brochure contains few words but many numbers. We have deliber- ately avoided commentary, as the facts and figures speak for themselves, giving you a broad, updated overview of the many and varied aspects of Munich’s economy.
The numbers, tables and diagrams paint a clear picture of the Bavarian capital as a business location with huge potential – witness the impres- sive employment and unemployment figures, as well as the data and indicators for key high-tech industries and clusters.
Munich’s success as a business hub is rooted above all in the pronounced diversity of its economic structure. Nearly all branches of industry that are important to the German economy do not merely have a presence but constitute key sectors in Munich. Prime examples include information and communication technology, medical engineering, biotechnology, pharma- ceuticals and the cultural and creative industries. While the latter is known to drive innovation in Munich, it also adds value in its own right and thus makes a significant contribution to the city’s wider economy.
Established global brands line up alongside ambitious start-ups in Munich’s unique cast of economic actors. The whole, colorful spectrum of the city’s economic structure is reflected in a list of selected companies that have a footprint in this region.
Alongside key economic data, the brochure also highlights a number of Munich’s other strengths – as a venue for higher education and science and as a popular tourist destination, for example. Data for trade fair operator Messe München and the city’s airport testify to the impressive performance of Munich’s public infrastructure and facilities. Facts about the development of its office property market, major projects in the pipeline and construction planning round off a complete picture of this flourishing, energetic south German city.
Josef Schmid Deputy Mayor and Head of the Department of Labor and Economic Development
2 Munich as a business location – Department of Labor and Economic Development Contents
How Munich ranks compared to other cities 3
Economic development in Munich 4
Economic development in the Munich Metropolitan Region 5
Employment in Munich 6
Sectors and clusters in Munich 8
Selected companies in the Munich region 12
Munich as a hub of knowledge 14
Local government finance 15
Real estate in Munich 16
Munich’s infrastructure 18
The Munich economic region Munich commands top rankings in comparison with other German and international cities.
How Munich ranks compared to other cities
Institute and customer Sample Ranking based on Position
“City Rankings 2015” 69 large Assessment of the level and First place for its IW Consult, commissioned by German cities dynamism of economic devel- current level and Wirtschaftswoche and opment and prosperity based third place in the Immobilienscout 24 (12/2015) on economic and structural future prospects indicators index for the City of Munich
“European Regional Economic 294 regions in Identification of those regions/ Seventh place for Growth Index – E-REGI 2014” 32 European cities with the greatest short- to the Munich region LaSalle Investment Management countries medium-term development (9/2015) potential based on economic and structural indicators
“Comparison of the 30 Largest 30 largest Assessment of economic First place for the Cities in Germany” German cities performance, education, City of Munich HWWI and Berenberg Bank (5/2015) innovation and demographic development
“Mercer Quality of Living Ranking 2015” 230 cities Assessment of quality of life Fourth place for the Mercer – global management consultant worldwide based on political, social, City of Munich (3/2015) economic and environmental considerations
Munich as a business location – Department of Labor and Economic Development 3 Economic development in Munich Economic productivity is high in Munich, which also has the highest purchasing power of any large German city.
Munich’s gross 2000 2005 2011 2012 2013 domestic product (GDP) GDP in € billion (at current prices in each year) 70.44 75.63 86.28 89.89 94.31
Population and Population GDP GDP per gainfully share of GDP (2014) in € million (2013) employed person in € (2013)
Bavaria 12 691 568 504 282 71 209
Munich region 2 804 001 156 334 89 849
City of Munich 1 429 584 94 306 91 807
Outlying districts 1 374 417 62 028 87 026
Munich region = City of Munich and its outlying districts
Munich’s share Munich’s share of Bavaria’s GDP of Bavaria’s population
18.7% City of Munich 11.3% City of Munich
12.3 % Outlying dis- 10.8 % Outlying dis- tricts tricts
69.0% Bavaria (excluding 77.9 % Bavaria (excluding the Munich region) the Munich region)
Source: Bavarian Office of Statistics and Data Processing
Per capita purchasing Berlin 20 202 power in 2015 in € Cologne 23 253
Stuttgart 23 791
Hamburg 24 322
Frankfurt/Main 24 688
Munich 30 786
Bavaria 24 259
Germany 22 365 0 000 5 000 10 000 15 20 000 25 000 30 000
Source: Axciom Deutschland GmbH
4 Munich as a business location – Department of Labor and Economic Development Economic development in the Munich Metropolitan Region A diverse structure of industry and healthy dynamism combine to make the Munich Metropolitan Region one of the leading economic regions in Europe.
Munich Germany Bavaria Metropolitan Region
Population in 2014 (millions) 81.2 12.7 5.9
Surface area (in km2) 357 100 70 550 25 548
GDP in 2013 (in € billion) 2 820.8 504.3 270.5
Employees registered for social security in 2014 (millions) 30.17 5.07 2.42
Unemployment rate in 2014 (in %) 6.7 3.8 3.6
Source: Bavarian Office of Statistics and Data Processing, Federal Statistical Office
N Germany
Bavaria Munich
Source: Munich Metropolitan Region (EMM e.V.)
Munich as a business location – Department of Labor and Economic Development 5 Employment in Munich A balanced economic and employment structure is one of Munich’s most valuable assets.
Distribution of 5.7 % Other public and 0.1 % Agriculture, forestry, mining employment private services in 2015
Employees registered 11.3 % Healthcare and 12.1 % Manufacturing for social security social sector
3.5 % Education 4.0 % Construction, and teaching energy/water supply, energy industry
4.7 % Public administration
18.4 % Retail, catering, transportation 24.3 % Property, consultancy, business services
7.5 % Financial and insurance services 8.4 % Information and communication
Number of employees registered for social security in 2015
Agriculture, forestry, mining 573
Manufacturing 96 581
Construction, energy/water supply, energy industry 32 275
Retail, catering, transportation 146 269
Information and communication 66 949
Financial and insurance services 60 091
Property, consultancy, business services 193 496
Public administration 37 772
Education and teaching 27 900
Healthcare and social sector 90 060
Other public and private services 45 136
Total 797 102
Source: Federal Employment Agency
6 Munich as a business location – Department of Labor and Economic Development Employment in Munich Employment is growing primarily in the service sector.
Employment in 2010 2015 Increase selected growth Healthcare and social services 74 862 90 060 20.3% sectors Business services 155 430 193 496 24.5% Employees registered Corporate management and administration, 33 280 40 289 21.1% for social security management consultancy Architects, consulting engineers and laboratories 16 769 25 829 54.0% Legal and taxation consultancy, auditing 21 115 25 250 19.6% Information technology services 25 413 37 951 49.3% Total employment 694 459 797 102 14.8%
Unemployment 2014 Germany 6.7% rates in Germany, Bavaria 3.8% Bavaria and Munich
Munich 4.8% Annual averages 2015 Germany 6.4% Number of people Bavaria 3.6% out of work in 2015 Munich 4.6% Germany: 2 795 000 Bavaria: 256 527 Munich: 44 938 % % % %
2 0 4 6
Unemployment Berlin 10.6% rates in German Cologne 9.4% cities in 2015
Hamburg 7.4% Annual averages Frankfurt / Main 6.8%
Stuttgart 4.7%
Munich 4.6% % % % % %
2 0 4 6 8 10%
Number of people Berlin Cologne Hamburg Frankfurt/Main Stuttgart Munich out of work in 194 812 52 653 73 291 25 719 24 389 44 938 German cities in 2015
Source: Federal Employment Agency
Munich as a business location – Department of Labor and Economic Development 7 Sectors and clusters in Munich Munich’s balanced economic structure includes a strong focus on exports in the manufacturing industry.
Value added in the 24.1% individual sectors 19.3 % € 20 450 million in 2013 € 16 339 million Manufacturing Public and private sector services, childcare and healthcare
32.7 % € 27 694 million Finance, insurance, business services, 23.9 % property and housing € 20 268 million Retail, catering, transportation, information and communication
Source: Bavarian Office of Statistics and Data Processing
Manufacturing 2013 2014 industry in Munich in € million Total turnover 44 855 45 850
Exports 33 500 34 235
Export rate 74.7 % 74.7 %
Manufacture of IT, Other automotive Mechanical electronic and optical engineering, 2014 engineering, 2014 products, 2014
2 876 Total 3 655 Total 1 900 Total turnover turnover turnover
2 204 Exports 2 886 Exports 1 273 Exports 76.6% Export rate 79.0% Export rate 67.0% Export rate
Source: Bavarian Office of Statistics and Data Processing
8 Munich as a business location – Department of Labor and Economic Development Sectors and clusters in Munich Medical engineering, biotechnology and pharmaceuticals – three high-tech industries of importance to regional economic development
Medical Manufacturers Suppliers and Total medical engineering in 2015 service providers engineering sector Munich region Companies approx. 200 approx. 150 approx. 350
Turnover (in € billion) approx. 2.5 approx. 1.6 approx. 4.1
Employees 14 000 7 000 21 000
of whom registered 13 100 6 050 19 150 for social security
Total capital expenditures in medical 125 3 128 engineering (in € million)
Medical 32.0% engineering exports 26.0% Manufacturers that expert Distribution of Manufacturers that export 75 – 100% of their products 0 < 25% of their products medical engineering manufacturers by percentage of exports
21.0% Manufacturers that expert 25 < 50% of their products 21.0% Manufacturers that expert 50 < 75% of their products
Source: Medical Engineering in the Munich Region, 2015
Biotechnology and Number of Employees Turnover pharmaceuticals companies in € million in 2013 All companies 377 22 900 8 500 Munich Metropolitan including research 32 900 Region
of which biotechnology 163 9 700 3 120
of which pharmaceuticals 30 6 500 3 850
of which contract re- 54 2 000 190 search organizations
of which life science 130 4 700 1 340 companies
of which research 8 ca. 10 000 – organizations
Source: Biotechnology and pharmaceutical industries in the Munich Metropolitan Region (EMM) 2014
Munich as a business location – Department of Labor and Economic Development 9 Sectors and clusters in Munich Further examples of forward-looking industries in Munich: cultural and creative industries and the communication sector
Cultural and Core Marginal Total cultural and creative industries – sector sector* creative industries Key data for 2014 Munich Metropolitan Self-employed persons and companies 30 503 24.221 54 724 Region Turnover (in € million) 22 792 154 22 946 Total employees 124 582 Employees registered for social 100 274 100 274 security Persons in marginal employment 24 308 24 308 Gainfully employed persons 130 777 48 529 179 306
* Self-employed persons and companies with annual turnover of less than €17,500, persons in marginal employment
Selected segments Turnover Employment of Munich’s cultural and creative Broadcasting 49 % 25 % industries Film 27 % 17 % as a share of the corresponding Software/games 17 % 13 % national segments Books 16 % 13 % Art 14 % 10 % Advertising 11 % 11 % Design 11 % 11 % Architecture 11 % 9 % Music 10 % 8 % Press 9 % 11 % Performing arts 8 % 8 %
Source: Data Report on the Cultural and Creative Industries in the Munich Metropolitan Region, 2015 (available in German only)
Information and ICT Media Total communication technology (ICT) Companies 29 158 5 817 34 975 2013 Employees registered for social security 106 870 40 530 147 400 Munich region Turnover (in € million) 73.7 11.0 84.7
Employees registered 2008 2009 2010 2011 2012 2013 for social security in the ICT sector City of Munich 87 726 87 247 78 894 83 881 85 631 88 627 Outlying districts 53 524 53 367 52 867 55 403 57 007 58 774
Total 141 250 140 614 131 761 139 284 142 638 147 401
Source: Munich as a venue for the information, communication and media sector in 2014
10 Munich as a business location – Department of Labor and Economic Development Sectors and clusters in Munich Tourism is a significant factor in Munich’s economy.
Tourism 2010 2011 2012 2013 2014 2015*
Arrivals (thousands) 5 573 5 931 6 133 6 303 6 594 6 950
Overnight stays (thousands) 11 096 11 738 12 366 12 895 13 448 14 070
7 000 Arrivals in thousands
6 500
6 000
5 500
5 000 2010 2012 2013 2014 2015* 2 011
14 000 Overnight stays in thousands
13 000
12 000
11 000
10 000 2010 2012 2013 2014 2015* 2 011
* Extrapolated figures for 2015
Turnover resulting 19.1% from tourism in € 1.45 billion Munich in 2015 Services Total turnover € 7.6 billion 40.7% € 3.08 billion Retail
40.2% € 3.04 billion Hotels and catering
Source: City of Munich, Department of Labor and Economic Development, Munich Office of Tourism
Munich as a business location – Department of Labor and Economic Development 11 Selected companies in the Munich region
Manufacturing and high-tech industries Leonhard Moll AG
STRABAG Großprojekte GmbH Airbus Defence and Space GmbH WÖHR + BAUER GmbH BAUER COMP Holding GmbH
BSH Hausgeräte GmbH Financial services DR. SCHNELL Chemie GmbH EOS GmbH Allianz SE EPCOS AG Apax Partners Beteiligungsberatung GmbH Freudenberg Chemical Specialities SE & Co. KG AXA Konzern AG Fujitsu Technology Solutions GmbH Bayerische Börse AG GE Deutschland Bayerische Landesbank Giesecke & Devrient GmbH CACEIS Bank Deutschland GmbH Gleason-Hurth Tooling GmbH Continentale Lebensversicherung AG HAWE Hydraulik SE D.A.S. Rechtsschutz Leistungs-GmbH Hoffmann GmbH Qualitätswerkzeuge DAB Bank Infineon Technologies AG Deutsche Pfandbriefbank AG Intel Deutschland GmbH Generali Versicherung AG Knorr-Bremse AG Interhyp AG KraussMaffei Technologies GmbH KGAL GmbH & Co. KG Krauss-Maffei Wegmann GmbH & Co. KG Lebensversicherung von 1871 a. G. München LEGO GmbH LfA FÖRDERBANK BAYERN Linde Aktiengesellschaft MEAG MUNICH ERGO AssetManagement GmbH MAURER AG Merck Finck & Co. oHG Privatbankiers MTU Aero Engines AG Münchener Hypothekenbank eG NXP Semiconductors Germany GmbH Münchner Bank eG Oerlikon Deutschland Vertriebs GmbH Munich Re – Münchener Rückversicherungs- OHB System AG Gesellschaft Aktiengesellschaft in München OSRAM Licht AG Sparda-Bank München eG P+Z Engineering GmbH Stadtsparkasse München Philip Morris GmbH State Street Bank GmbH Rodenstock GmbH Swiss Life AG ROHDE & SCHWARZ GmbH & Co. KG Swiss Re Europe S.A. Niederlassung Deutschland Siemens Aktiengesellschaft UniCredit Bank AG Siltronic AG Versicherungskammer Bayern SONA BLW Präzisionsschmiede GmbH Wirecard AG SPINNER GmbH WWK Lebensversicherung auf Gegenseitigkeit Texas Instruments Deutschland GmbH Thüga Aktiengesellschaft Life sciences
VISPIRON ENGINEERING GmbH Actavis Deutschland GmbH & Co. KG Wacker Neuson SE Agfa-Gevaert HealthCare GmbH
Amgen GmbH Automotive engineering Arthrex GmbH Bertrandt Ingenieurbüro GmbH Astellas Pharma GmbH BMW – Bayerische Motoren Werke Aktiengesellschaft Bavarian Nordic GmbH Franz Xaver Meiller Fahrzeug- und Maschinenfabrik Baxter Deutschland GmbH GmbH & Co. KG bene-Arzneimittel GmbH iwis Gruppe Brainlab AG MAN SE Bristol-Myers Squibb GmbH & Co. KGaA Rail Power Systems GmbH Daiichi Sankyo Europe GmbH Schleicher Fahrzeugteile GmbH & Co. KG GE Healthcare Deutschland Semcon München GmbH GlaxoSmithKline GmbH & Co. KG Webasto SE Hexal AG Medigene AG Property/construction MorphoSys AG
MSD SHARP & DOHME GMBH Accumulata Immobilien AG Novartis Consumer Health GmbH ARGENTA Internationale Anlagegesellschaft mbH Roche Diagnostics GmbH Bayerische Hausbau GmbH & Co. KG Sandoz Pharmaceuticals GmbH DIBAG Industriebau AG Sorin Group Deutschland GmbH Drees & Sommer München Wacker Chemie AG Hammer AG
HOCHTIEF Solutions AG Investa Projektentwicklungs- und Verwaltungs GmbH
12 Munich as a business location – Department of Labor and Economic Development Information and communication technology Ludwig Stocker Hofpfisterei GmbH
Max Rischart’s Backhaus KG Apple GmbH McDonald’s Deutschland Inc. Atos IT Solutions and Services GmbH Mondelez Deutschland R&D GmbH Autodesk GmbH Paulaner Brauerei GmbH & Co. KG Avnet Holding Germany GmbH Red Bull Deutschland GmbH BRAIN FORCE Software GmbH Spaten-Franziskaner-Bräu GmbH British Telecom – BT (Germany) GmbH & Co. oHG Staatliches Hofbräuhaus in München Cisco Systems GmbH Starbucks Coffee Deutschland GmbH Comarch Software und Beratung AG vinzenzmurr Vertriebs GmbH Deutsche Telekom AG Wrigley GmbH Gigaset AG
Google Germany GmbH Fashion and lifestyle Huawei Technologies Deutschland GmbH IBM Deutschland GmbH ESCADA SE Ingram Micro Distribution GmbH Estèe Lauder Companies GmbH Microsoft Deutschland GmbH Etienne Aigner AG M-net Telekommunikations GmbH Königliche Porzellan Manufaktur Nymphenburg National Instruments Germany GmbH GmbH & Co. KG NEMETSCHEK AG LODEN-FREY Verkaufshaus GmbH & Co. KG Nokia Solutions and Networks GmbH & Co. KG Louis Vuitton Deutschland GmbH NTT DATA Deutschland GmbH Ludwig Maul GmbH & Co. KG Open Text Software GmbH MAERZ Muenchen KG ORACLE Deutschland B.V.& Co. KG Mary Kay Cosmetics GmbH Tech Data GmbH & Co. oHG Oui Gruppe GmbH & Co. KG Telefónica Germany GmbH & Co. OHG ROECKL Handschuhe & Accessoires GmbH & Co. KG telegate AG Triumph International AG Travian Games GmbH Under Armour Vodafone GmbH, Region Süd Willy Bogner GmbH & Co. KGaA Yahoo! Deutschland Services GmbH Other service providers Media Accenture GmbH ABENDZEITUNG München Verlags-GmbH ADAC e.V. Arnold & Richter Cine Technik GmbH & Co. Betriebs KG Amazon.de GmbH Bavaria Film GmbH Bain & Company Germany, Inc. Bayerischer Rundfunk Bayerngas GmbH Carl Hanser Verlag GmbH & Co. KG BayWa AG Constantin Film AG BRUNATA Wärmemesser GmbH & Co. KG dtv Verlagsgesellschaft mbH & Co. KG Capgemini Deutschland GmbH GRÄFE UND UNZER VERLAG GmbH Deloitte & Touche GmbH H. Hugendubel GmbH & Co. KG Wirtschaftsprüfungsgesellschaft Hubert Burda Media Holding Kommanditgesellschaft Dr. Sasse AG IDG Communications Media AG Edenred Deutschland GmbH Langenscheidt GmbH & Co. KG Ernst & Young GmbH Wirtschaftsprüfungsgesellschaft Münchener Zeitungs-Verlag GmbH & Co.KG FlixBus GmbH Programmdirektion Erstes Deutsches Fernsehen FTI Touristik GmbH ProSiebenSat.1 Media SE Jochen Schweizer GmbH RTL 2 Fernsehen GmbH & Co. KG KPMG AG Wirtschaftsprüfungsgesellschaft Sky Deutschland GmbH MAHAG Automobilhandel und Service Sony Music Entertainment Germany GmbH GmbH & Co. oHG Springer Fachmedien München GmbH McKinsey & Company, Inc. Companies Süddeutscher Verlag GmbH Motel One Group in Munich The Walt Disney Company (Germany) GmbH Münchener Verein Krankenversicherung a.G. VERLAG C. H. BECK oHG mydays GmbH 19 342 Verlagsgruppe Random House GmbH PAYBACK GmbH business Vodafone Kabel Deutschland GmbH PricewaterhouseCoopers AG registrations (2015) Wirtschaftsprüfungsgesellschaft Roland Berger Strategy Consultants Holding GmbH Food 94 600 Sana Kliniken AG companies in Alois Dallmayr KG Serviceplan Gruppe für innovative Kommunikation Munich (2013) Augustiner-Bräu Wagner KG GmbH & Co. KG Burger King Deutschland GmbH SBK Siemens-Betriebskrankenkasse DANONE GmbH SIXT SE Develey Senf & Feinkost GmbH Stadtwerke München GmbH Hacker-Pschorr Bräu GmbH Studiosus Reisen München GmbH Josef Bernbacher & Sohn GmbH & Co. KG The Boston Consulting Group GmbH Käfer GmbH & Co. Verwaltungs- und Beteiligungs KG TNS Deutschland GmbH Löwenbräu AG TÜV SÜD AG
Munich as a business location – Department of Labor and Economic Development 13 Munich as a hub of knowledge Munich is Germany’s second-biggest university city.
Students at 49 494 Ludwig-Maximilians-Universität Munich’s universities München (LMU) in the winter 2014/2015 semester 37 125 Technische Universität München (TUM)
115 099 students in Munich, of whom 18 768 (16.3 %) were foreign students 17 524 Munich University of Applied Sciences
2 794 Uni versity of the Federal Armed Forces
8 162 Other universities Source: Bavarian Office of Statistics and Data Processing
Institutes of higher education and selected non-university research institutions
Bavarian Academy of Sciences and Humanities Macromedia University for Media and (BAdW) Communication (MHMK) Catholic University of Applied Sciences Max Planck Society Deutsches Museum Munich Academy of the Fine Arts FOM University of Applied Sciences Munich Business School Fraunhofer Society Munich School of Philosophy Fresenius University, Munich department Munich School of Political Science Goethe Institute Munich University of Applied Sciences HDBW Bavarian Business Academy, Munich Munich University of Music and Theater Helmholtz Center Munich Munich University of Television and Film (HFF) ifo Institute for Economic Research Munich University of the Federal Armed Forces Institute of Contemporary History (IfZ) Technische Universität München (TUM) Ludwig-Maximilians-Universität Munich (LMU) University of Applied Languages (SDI) Munich
University graduates Munich 30.0% in 2015 Percentage of all Stuttgart 27.9% employees registered for social security Frankfurt / Main 25.1% who are university Berlin 22.6% graduates Cologne 21.3%
Hamburg 20.6%
Bavaria 14.7%
Germany 14.4% % % % % %
% %
5 0 15 20 25 30 10
Source: Federal Employment Agency
14 Munich as a business location – Department of Labor and Economic Development Local government finance Heavy investment and systematic debt reduction are characteristic features of Munich’s local government budget policy.
Balance sheet for Assets Liabilities the City of Munich 1. Fixed assets 20 329 1. Equity 12 106 on January 1, 2015 2. Current assets 1 798 2. Special items 2 394 in € million 3. Accruals 101 3. Reserves 5 554 4. Dependent foundations 309 4. Accounts payable 2 123 5. Deferrals 50 6. Dependent foundations 309 Total assets 22 536 Total assets 22 536
Planned local 33.4% 28.1 % € 1 666 million € 1 401 million government Other capital expenditures Schools, child day care investments, and nurseries 2015 – 2019
Total investment: € 4 984 million excluding the repatriation of capital to Stadtwerke München 10.0 % (€ 5 892 million, 5.4 % € 500 million € 267 million including a one-time Road and bridge Municipal hospital construction effect relating to SWM)
2.4 % 20.7 % € 119 million € 1 031 million Culture Housing construction
The City of 3 335 2006 Munich’s local 2007 2 905 government debt in € million 2008 2 306
2009 2 306
2010 2 223
2 011 1 673
2012 1 361
2013 968
2014 905
2015 815 0 500 000 1 1 500 000 2 2 500 000 3 3 500
2006 – 2014: Actual debt figures, 2015: 2nd budget amendment Source: City of Munich, City Treasury
Munich as a business location – Department of Labor and Economic Development 15 Real estate in Munich High office turnover rates and a low vacancy rate are compelling arguments for Munich’s office market.
Office space turnover 701 300 in m² Berlin 843 000
367 500
Frankfurt / Main 389 100
525 000 2014 Hamburg 540 000 2015 269 000 2014 Cologne 304 000 2015 620 900
Munich 756 700
278 900
Stuttgart 290 500 0 000 200 000 400 000 600 000 800
Average rents for Berlin Frankfurt / Main Hamburg Cologne Munich Stuttgart office space in € / m² 2014 13.70 19.50 14.50 11.50 14.90 12.60 2015 14.50 19.00 14.50 11.80 16.30 12.10
Vacant office space 925 000 in m² Berlin 684 500
1 454 500
Frankfurt / Main 1 358 000
798 400
Hamburg 698 100
552 000 2014 Cologne 460 000 2015 1 156 500 2014 Munich 873 600 2015 314 200
Stuttgart 270 200 0 000 500 000 000 1 1 500 000
Office vacancy rates Berlin Frankfurt / Main Hamburg Cologne Munich Stuttgart
2014 4.9% 12.5% 6.0% 7.2% 5.1% 4.2%
2015 3.7% 11.8% 5.2% 5.9% 3.8% 3.5%
Source: Colliers International Deutschland Holding GmbH
16 Munich as a business location – Department of Labor and Economic Development Real estate in Munich
Major construction projects and plans, 2016 – 2017 N Arbeiten am See Messestadt Riem 4. BA Wohnen 4. BA West Friedrich-Creuzer-Straße Arrondierung 5. BA Wohnen 5. BA Kirchtrudering Technologiepark Technologiepark Carl-Wery-Straße Tor“ „Perlacher Feldbergstraße Prinz-Eugen- Kaserne Hanns-Seidel-Platz Denninger Straße Floriansmühl- straße Baumkirchner Straße Hochäckerstraße Anzinger Straße Ausbesserungswerk Freimann „Campus“ Vogelweideplatz Leopoldstraße/ Johann-Fichte-Straße Tor“ „Schwabinger „Bogenhausener Tor“ „Bogenhausener „Werksviertel“ Ostbahnhof am Mc Graw- Gelände Bayern-Kaserne Arcisstraße Straße Alte Funkkaserne Katharina-von- Bora-Straße Lilly-Reich- Osram- Gelände Akademie Paulaner Paulaner Gelände Pappenheimstraße Am Oberwiesenfeld Am Kreativquartier Ratoldstraße Kronprinz-Rupprecht- Kaserne M-Campus Plinganser- straße Am Westpark Am Siemens Campus Ratzingerplatz Birketweg Nord Bauernbräuweg Gaswerksgelände Zschokkestraße Meiller Moosach Paul-Gerhardt-Allee EON-Gelände Zentrale Bahnflächen Zentrale Gerberau Diamalt- Gelände Pasing Lipperheide Dornier- gelände Jobs % Residents Aus- besserungswerk „Triebwerk“ Neuaubing >20 ha and/or >1,000 units <20 ha and/or <1,000 units Gleisharfe Neuaubing Aubing-Ost-Straße Date: February 2015 Right to build granted Land-use planning in progress Henschelstraße Süd Freiham Aubing Mitte Nord 1
Source: Department of Urban Planning and Building Regulation
Munich as a business location – Department of Labor and Economic Development 17 Munich’s infrastructure Munich’s trade fair company is one of the world’s leading trade fair organizers.
Munich trade fair 2010 2011 2012 2013 2014 2015 company Trade fairs and exhibitions 22 18 15 16 13 13
Guest shows 241 254 230 203 202 204
No. of exhibitors (thousands) 37.9 31.4 35.0 36.4 32.8 33.6
No. of visitors (hundred thousands) 23.6 17.5 17.8 23.0 17.9 19.1
40
35
30
25 No. of exhibitors (thousands) 20
No. of visitors (hundred thousands) 15 2010 2 011 2012 2013 2014 2015
Selected Munich Exhibitors Visitors trade fairs in 2015 ISPO MUNICH The world’s leading sports business platform 2 529 83 223 The leading exhibition for the logistics and Transport Logistic 2 050 55 438 supply chain sector The world’s leading trade fair for architecture, BAU 2 015 254 441 materials and systems The international trade fair for property EXPO REAL 1 707 34 791 and investment The world’s leading trade fair for bakery, IBA 1 309 77 500 confectionery and snacks Laser World The premier international trade fair for pho- 1 227 31 279 of Photonics tonics components, systems and applications The world’s leading trade fair for electronics Productronica 1 153 37 191 development and production INHORGENTA Individual. Inspiring. Innovative. 1 026 26 387 MÜNCHEN Internationale Hand- The leading fair for craft trades, including werksmesse, includ- 1 001 130 939 Munich’s indoor garden fair ing Garten München Ceramitec Technologies. Innovations. Materials. 606 14 324
Source: Messe München
18 Munich as a business location – Department of Labor and Economic Development Munich’s infrastructure Munich Airport – eight-time winner of the “Best European Airport” award.
Take-offs/landings 2010 2011 2012 2013 2014 2015 and passenger Passengers (millions) 34.7 37.8 38.4 38.7 39.7 40.9 volume at Munich Airport Take-offs/landings (thousands) 390 410 398 382 377 380
Number of 41 passengers passing 38 through Munich Airport 35 millions
32
29
26 2010 2 011 2012 2013 2014 2015
Take-offs and 425 landings at Munich 400 Airport thousands 375
350
325
300 2010 2 011 2012 2013 2014 2015
Source: Flughafen München GmbH
Passenger volumes 59.6 at selected German Frankfurt / Main 61.0 airports millions 39.7
Munich 40.9
28.0 2014 Berlin 29.5 2015
21.9 2014 Düsseldorf 22.5 2015
14.8
Hamburg 15.6 0 10 20 30 40 50 60
Source: German Airports Association (ADV)
Munich as a business location – Department of Labor and Economic Development 19 Munich’s infrastructure Munich Airport is one of Europe’s biggest aviation hubs.
Major European flight connections a two-hour radius Copenhagen 1:35 Hamburg 1:15 Berlin 1:10 Amsterdam 1:35 Frankfurt/ Main 1:05 Warsaw 1:30 Brussels 1:20 Prague 0:55 Krakow 1:25 Luxembourg 1:05
Paris 1:35 Vienna 1:00 Zurich Budapest 1:15 0:55
Lyon 1:20 Geneva 1:10 Ljubljana Belgrade 1:25 0:50 Zagreb Sarajevo 1:25 1:05 Toulouse 1:50 Milan 1:05 Marseille 1:40 Tirana 1:45 Naples 1:40 Rome 1:30
Reykjavik 3:55 St. Petersburg 2:50 Moscow 3:05 Yekaterinburg 7:00 Montreal 8:50 Kiev 2:29 Chicago 10:10 Beijing 9:40 Tokyo 11:45 San Francisco 12:15 New York 9:30 Istanbul 2:35 Seoul 10:30 Los Angeles 12:20 Washington 9:45 Tehran 4:30 Shanghai 10:55 Houston 12:00 Casablanca 3:40 Amman 3:55 Miami 11:15 Cairo 3:40 Delhi 7:30 Hong Kong 11:45 Dubai 6:00 Mexico City 14:45 Bangkok 10:35
Singapore 11:40 Selected direct international flights 97 airlines regularly Mauritius 11:05 served 247 Sao Paulo 12:40 Johannesburg 10:45 destinations in 2015 Cape Town 11:30
Source: Flughafen München GmbH
20 Munich as a business location – Department of Labor and Economic Development Published by: City of Munich Department of Labor and Economic Development Herzog-Wilhelm-Str. 15 80331 München Germany
Editor: Eva Schweigard Phone +49 89 233-25325 [email protected]
Design: QS2M Quass Sigl Maurer Werbeagentur GmbH
Printing: dm druckmedien gmbh
Printed on paper made from certified wood from controlled sources and from recycled materials
Munich, February 2016
Picture credits on cover page:
Münchner Kindl (statue) and Ludwigstrasse (Photo: Rainer Viertlböck)
Munich Technology Center (MTZ): The City of Munich supports high-tech start-ups (Photo: Michael Nagy / Press Office)
Basic stent: Medical engineering made in Munich – Innovative solutions from the MTZ (Photo: Michael Nagy / Press Office)