2018 Munich as a business location. Facts and Figures 2018 Munich as a business location. Facts and Figures
Herzog-Wilhelm-Str. 15 D-80331 München Germany
Economic data Phone +49-89-233 2 53 25
Economic development Phone +49-89-233 2 16 27
Published by the Department of Labor and Economic Development, www.wirtschaft-muenchen.de February 2018, Vol. No. 317 www.welcome.munich.de Dear Reader,
This year‘s edition of “Munich as a business location” keeps the narrative to a minimum and lets the numbers speak for themselves. The facts and figures presented provide a wide-ranging and up-to-date outline of the many and varied aspects of Munich‘s economy.
The numbers and tables make one thing abun- dantly clear: The Bavarian capital is a dynamic business base that still has huge upside poten- tial – witness the impressive data for economic performance, purchasing power, employment/unemployment and high-tech industries and clusters. The list of selected companies in Munich alone reads like a “Who‘s who” of the German economy, alongside a significant number of major international players.
This publication also highlights the city‘s other strengths as a start-up hub, a knowledge repository and a popular destination for tourists. Data for trade fair operator Messe München and for Munich Airport testify to the impressive capa- bilities of Munich‘s public infrastructure and facilities, which are underpinned by the healthy finances of the Bavarian capital. Facts about current developments on the Munich office property market, major projects and construction plans in the pipeline round off this brief panorama.
Clearly, Munich possesses more than just a potent economy: It is also a dynamic venue for innovation. Especially in the field of digitization, it is worth noting that the city occupies a leading position among Germany‘s major cities.
I wish you an enjoyable and informative read.
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
The Munich economic region 3
Economic development in Munich 4
Economic development in the Munich Metropolitan Region 5
Employment in Munich 6
Sectors and clusters in Munich 8
Start-ups in Munich 11
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
A place at the top table: How Munich compares with other cities
Institute and customer Sample Ranking based on Position
“City Rankings 2017” 70 large Assessment of the level, dynamism First place for the City of IW Consult, commissioned by German cities and sustainability of economic Munich for level, second Wirtschaftswoche and development and prosperity based place for dynamism and Immobilienscout24 (11/2017) on socioeconomic indicators future sustainability
“European Regional Economic Growth 300 regions in Identification of those regions/cities Seventh place for the Index – E-REGI 2017” 32 European with the greatest short- to medium- Munich region LaSalle Investment Management countries term development potential based on (10/2017) economic and structural indicators “Comparative Study of the 30 Largest 30 largest Assessment of economic performance, First place for the City Cities in Germany” German cities demographic development and other of Munich HWWI and the Berenberg private bank key location factors such as education, (6/2017) innovation, international character and accessibility “Mercer Quality of Living Ranking 2017” 231 cities Assessment of quality of life based on Fourth place for the City Mercer – global management consultant worldwide political, social, economic and environ- of Munich compared (3/2017) mental considerations with cities worldwide; first place for quality of life in Germany “Prognos Future Atlas 2016 and 402 administra- Assessment of the economic situation First place for the ad- Digitization Compass – Ranking Table tive districts in and development in rural and urban ministrative district of for German Regions” Germany administrative districts in terms of Munich; second place for Prognos AG (6/2016) demographics, the labor market, the City of Munich; first competition, innovation, prosperity place by a huge distance and social conditions in digitization “Digital Competitiveness Index – 30 large Assessment of cities based on a First place for the City Comparison of German Cities” German cities selection of digital location factors in of Munich Deloitte Germany (2/2016) the fields of innovation, attractiveness and the labor market
3 Economic development in Munich
Economic performance is high in Munich, which also has the highest purchasing power of any large German city.
Munich’s gross 2000 2005 2011 2012 2013 2014 2015 domestic product GDP in € billion 70.49 75.63 87.09 91.32 95.78 99.87 104.19 (GDP) (at current prices in each year)
Population GDP in million € GDP per gainfully em- Population and (2016) (2015) ployed person in € (2015) share of GDP Bavaria 12 916 927 548 360 75 387 Munich region = City of Munich and its outlying districts Munich region 2 870 585 170 581 94 553
City of Munich 1 457 856 104 192 98 041
Outlying districts 1 412 729 66 389 89 557
Munich’s share Munich’s share of Bavaria’s GDP of Bavaria’s population
19.0% City of Munich 11.3% City of Munich
10.9% Outlying districts 12.1% Outlying districts
68.9% Bavaria (excluding 77.8% Bavaria (excluding the Munich region) the Munich region)
Source: Bavarian Office of Statistics and Data Processing
Per capita purchasing power in 2017 32 139 in €
21 227 24 024 24 705 25 364 25 431 24 840 22 897
Berlin Cologne Stuttgart Frankfurt/Main Hamburg Munich Bavaria Germany
Source: Acxiom 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.
Germany Bavaria Munich Metropolitan Region
Population in 2016 (millions) 82.5 12.9 6.0
Surface area (in km2) 357 100 70 550 25 548
GDP in 2015 (in € billion) 3 032.8 548.4 295.5
Employees registered for 32.16 5.46 2.6 social security in 2017 (millions)
Unemployment rate in 2017 (in %) 5.7 3.2 3.1
Source: Bavarian Office of Statistics and Data Processing, Federal Statistical Office, Federal Employment Agency
Europe Germany Bavaria Munich
Source: Munich Metropolitan Region (EMM e.V.)
5 Employment in Munich
A balanced economic and employment structure is one of Munich’s most valuable assets.
Distribution of employment in 2017
Employees registered for social security
Retail, Healthcare and Financial and Public Education catering, social sector insurance administration and transportation services teaching
25.0% 18.0% 11.8% 11.4% 9.1% 6.8% 5.4% 4.8% 4.1% 3.7% 0.1%
Construction, energy/ Property, water consultancy, Other public supply, Agri- business Information and and private energy culture, services Manufacturing communication services industry forestry
Number of employees Agriculture, forestry 551 registered for social Manufacturing 100 474 security in 2017 Construction, energy/water supply, energy industry 34 477 Retail, catering, transportation 152 973
Information and communication 77 175
Financial and insurance services 57 850
Property, consultancy, business services 212 328
Public administration 40 454
Education and teaching 31 215
Healthcare and social sector 97 287
Other public and private services 45 611
Total 850 395
Source: Federal Employment Agency
6 | Munich as a business location – Department of Labor and Economic Development Employment in Munich
Employment is growing strongly in all business sectors.
2012 2017 Increase Increase Employment in absolute in % selected growth Construction 18 194 21 610 3 416 18.8% Legal advice, tax consultancy sectors 22 702 27 423 4 721 20.8% and auditing Employees registered Business services 173 687 212 328 38 641 22.2% for social security Healthcare and social services 78 613 97 287 18 674 23.8% Information and communikation 57 761 77 175 19 414 33.6% Architects, consulting engineers 20 769 29 382 8 613 41.5% and laboratories Total employment 733 967 850 395 116 428 15.9%
2016 Germany 6.1% Unemployment
Bavaria 3.5% rates in Germany, Munich 4.3% Bavaria and Munich 2017 Germany 5.7% Annual averages
Bavaria 3.2% Number of people out of work in 2017 Germany: 2 532 837 Munich 3.9% Bavaria: 231 353 Munich: 40 500
Berlin 9.0% Unemployment Cologne 8.4% rates in German Hamburg 6.8% cities in 2017
Frankfurt/Main 5.9% Annual averages
Stuttgart 4.0% Munich 3.9%
Berlin Cologne Hamburg Frankfurt/Main Stuttgart Munich Number of people 168 992 48 227 69 248 23 307 22 093 40 500 out of work in German cities in 2017
Source: Federal Employment Agency
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 € 30 105 million € 23 711 million individual sectors 32.1% 25.3% in 2015 value added € 93 765 million
Finance, insurance, Retail, catering, business services, transportation, information property and housing and communication € 22 077 million € 17 872 million 23.5% 19.1%
Manufacturing Public and private sector services, childcare and healthcare
Manufacturing 2014 2015 2016 industry in Munich Total turnover 28 277 31 720 29 601 in € million Exports 18 506 21 133 18 647 Export rate 65.4% 66.6% 63.0%
3 036 Total 3 913 Total 2 017 Total turnover turnover turnover
2 205 Exports 3 159 Exports 1 493 Exports
72.6% Export rate 80.7% Export rate 71.3% Export rate
Manufacture of IT, Other automotive engineering, 2016 Mechanical engineering, 2016 electronic and optical products, 2016
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
Examples of forward-looking industries in Munich: information and communication, biotechnology and pharmaceutical industry, cultural and creative industries
Biotech Pharma Suppliers and Biotechnology service providers and pharmaceutical Companies 190 35 80 industry 2016 Turnover (in € billion) 0.7 4.5 0.2 Munich region Employees 12 000 8 000 4 000
Total capital expenditures in medical 500 600 not available engineering (in € million)
Quelle: BioM Biotech Cluster Development GmbH
Region 14 Munich Information and Companies 12 428 7 388 communication Turnover (in € billion) 33.46 22.59 technology (ICT) 2015
Employees registered 122 223 77 175 Munich region and for social security (2017) City of Munich
Source: Bavarian Office of Statistics and Data Processing
Core Marginal Total cultural Cultural and sector sector* and creative industries creative industries – Self-employed persons and 15 347 12 424 27 771 Key data for 2014 companies City of Munich Turnover (in € million) 10 682 82 10 764
Total employees 61 175
Employees registered for 53 696 53 696 social security Persons in marginal employment 7 479 7 479
Gainfully employed persons 69 043 19 903 88 946
* Self-employed persons and companies with annual turnover of less than € 17,500, persons in marginal employment Source: Data Report on the Cultural and Creative Industries in the City of Munich, 2016
9 Sectors and clusters in Munich
Tourism is a significant factor in Munich’s economy.
8 000 Arrivals 7 750 in thousands 7 500
6 957 7 000 7 042
6 500 6 594 6 303 6 000 6 133
5 500 2012 2013 2014 2015 2016 2017*
16 000 Overnight stays 15 500 in thousands 15 000
14 066 14 000 14 041
12 895 13 000 13 448
12 000 12 366
11 000 2012 2013 2014 2015 2016 2017*
Turnover resulting € 3.17 billion from tourism in 40.6% € 3.13 billion Munich in 2017 Retail 40.1% Total turnover € 7.8 billion
Hotels and catering
€ 1.5 billion 19.3%
Services
*Projection 2017 Source: City of Munich, Department of Labor and Economic Development, Munich Office of Tourism
10 | Munich as a business location – Department of Labor and Economic Development Start-ups in Munich
Munich has established a wide range of very effective structures and communities for start-up entrepreneurs, including start-up centers and networks.
New businesses* registered in 2017: 17 163
* Freelance start-ups are excluded from these statistics
Companies in Munich: 92 034
Selected start-up centers, Selected university-based support communities and coworking spaces organizations for start-ups • Bayerisches Filmzentrum • LMU – Spin-off Service and Entrepreneurship Center • gate – Garchinger Technologie- und Gründerzentrum • Munich University of Applied Sciences – SCE Strascheg GmbH Center for Entrepreneurship • Start-up and Innovation Center in the creative quarter • SEA Social Entrepreneurship Academy Munich Urban Colab (in planning) • Technical University of Munich • Impact Hub Munich • University of the Armed Forces Munich – CeTIM Entre- • IZB – Innovations- und Gründerzentrum Biotechnologie preneurship Center Fördergesellschaft IZB mbH • UnternehmerTUM • Media Lab Bayern • Media Works Munich Competitions and Awards (excerpt) • Munich Industry Centers: MGH – Münchner Gewerbe- • Generation-D Contest hof- und Technologiezentrumsgesellschaft mbH • guide contest • Münchner Technologiezentrum (MTZ) • Innovation Contest City of Munich • neue balan – campus of ideas • Munich Business Award for Woman „La Monachia“ • UnternehmerTUM – Center for Innovation and Business (starting in autumn 2018) Creation at TU München • Munich Business Plan Competition (BayStartUP) • WERK1 • Munich Startup Award • WerkStadt Sendling For more detailed and up-to-date information, please visit: www.muenchen.de/gruendung Selected start-up networks and www.munich-startup.de services • Munich Business Startup Office (MEB) • BayStartUP GmbH • GründerRegio M e.V. • guide – Advice and support for female entrepreneurs • Munich Network e.V. • Munich Startup Portal • StartUp Munich (series of events)
11 Selected companies in the Munich region1)
Manufacturing and Automotive KGAL GmbH & Co. KG Lebensversicherung von 1871 a. G. München high-tech industries engineering LfA FÖRDERBANK BAYERN MEAG MUNICH ERGO Airbus Defence and Space GmbH Bayerische Motoren Werke AssetManagement GmbH BAUER COMP Holding GmbH Aktiengesellschaft Merck Finck Privatbankiers AG BSH Hausgeräte GmbH Bertrandt Ingenieurbüro GmbH Münchener Hypothekenbank eG DR. SCHNELL GmbH & Co. KGaA EDAG Engineering GmbH Münchner Bank eG EOS GmbH Electro Optical Systems Franz Xaver Meiller Fahrzeug- und Münchener Rückversicherungs- EPCOS AG Maschinenfabrik GmbH & Co. KG Gesellschaft Aktiengesellschaft in München Freudenberg Chemical Specialities iwis Gruppe Sparda-Bank München eG SE & Co. KG MAN SE Stadtsparkasse München Fujitsu Technology Solutions GmbH P+Z Engineering GmbH Anstalt des öffentlichen Rechts Giesecke & Devrient GmbH Rail Power Systems GmbH State Street Bank International GmbH Gleason-Hurth Tooling GmbH Schleicher Fahrzeugteile GmbH & Co. KG Swiss Life AG HAWE Hydraulik SE Valmet Automotive Engineering GmbH Niederlassung für Deutschland Hoffmann SE Qualitätswerkzeuge Zweigniederlassung München Swiss Re Europe S.A. Infineon Technologies AG Volke Consulting Engineers GmbH & Co. Niederlassung Deutschland Intel Deutschland GmbH Planungs KG UniCredit Bank AG Klüber Lubrication München SE & Co. KG Webasto SE Versicherungskammer Bayern Knorr-Bremse AG Versicherungsanstalt des öffentlichen Rechts KraussMaffei Group GmbH Wirecard AG Krauss-Maffei Wegmann GmbH & Co. KG Property/construction WWK Lebensversicherung auf LEGO GmbH Gegenseitigkeit Linde Aktiengesellschaft Accumulata Immobilien AG MAURER SE ARGENTA Internationale Anlagegesell- MTU Aero Engines AG schaft mbH OHB System AG Life Science Bayerische Hausbau GmbH & Co. KG OSRAM Licht AG DIBAG Industriebau AG Philip Morris GmbH Agfa-Gevaert HealthCare GmbH Drees & Sommer München Rodenstock GmbH Amgen GmbH Hammer AG ROHDE & SCHWARZ GmbH & Co. KG Arthrex GmbH Investa Projektentwicklungs- und Siemens Aktiengesellschaft Astellas Pharma GmbH Verwaltungsgesellschaft mbH Siltronic AG Bavarian Nordic GmbH Leonhard Moll AG SONA BLW Präzisionsschmiede GmbH Baxter Deutschland GmbH OPTIMA-AEGIDIUS-FIRMENGRUPPE SPINNER GmbH STRABAG Großprojekte GmbH bene-Arzneimittel GmbH Texas Instruments Deutschland GmbH WÖHR + BAUER GmbH Brainlab AG Thüga Aktiengesellschaft Bristol-Myers Squibb GmbH & Co. KGaA VISPIRON SYSTEMS GmbH Daiichi Sankyo Europe GmbH Wacker Neuson SE GE Healthcare GmbH Financial services GlaxoSmithKline GmbH & Co. KG Allianz SE Hexal AG AXA Konzern AG LivaNova Deutschland GmbH Bayerische Börse AG Medigene AG Bayerische Landesbank MorphoSys AG Anstalt des öffentlichen Rechts MSD SHARP & DOHME GMBH BNP Paribas S.A. Niederlassung Deutschland Novartis Consumer Health GmbH CACEIS Bank S.A., Germany Branch PUREN Pharma GmbH & Co. KG Continentale Lebensversicherung AG Roche Diagnostics GmbH D.A.S. Rechtsschutz Leistungs-GmbH Sandoz International GmbH Deutsche Pfandbriefbank AG Wacker Chemie AG Generali Versicherung AG Interhyp AG
1) not exhaustive
12 | Munich as a business location – Department of Labor and Economic Development Information and IDG Communications Media AG MAERZ Muenchen KG Langenscheidt GmbH & Co. KG MORE &MORE GmbH communication Münchener Zeitungs-Verlag GmbH & Co. KG Oui Gruppe GmbH & Co. KG technology Programmdirektion Erstes Deutsches ROECKL Handschuhe & Accessoires Fernsehen GmbH & Co. KG ProSiebenSat.1 Media SE TALBOT RUNHOF 11880 Solutions AG RTL 2 Fernsehen GmbH & Co. KG Triumph International AG Apple GmbH Sky Deutschland GmbH Willy Bogner GmbH & Co. KGaA Atos Information Technology GmbH Sony Music Entertainment Germany GmbH Autodesk GmbH Springer Fachmedien München GmbH Avnet Holding Germany GmbH Süddeutscher Verlag GmbH BT (Germany) GmbH & Co. oHG The Walt Disney Company (Germany) GmbH Other service providers CANCOM SE VERLAG C.H.BECK oHG Cegeka Deutschland GmbH Accenture GmbH Verlagsgruppe Random House GmbH Cisco Systems GmbH ADAC e.V. Vodafone Kabel Deutschland GmbH Comarch Software und Beratung AG Amazon EU SARL
Gigaset AG Bain & Company Germany, Inc.
Google Germany GmbH Bayerngas GmbH Huawei Technologies Deutschland GmbH Food BayWa AG IBM Deutschland GmbH BRUNATA Wärmemesser GmbH & Co. KG Ingram Micro Distribution GmbH Alois Dallmayr KG Capgemini Deutschland GmbH M-net Telekommunikations GmbH AmRest Coffee Deutschland CHECK24 Vergleichsportal GmbH Mensch und Maschine Software SE Sp. z o. o. & Co. KG Deloitte GmbH Microsoft Deutschland GmbH Augustiner-Bräu Wagner KG Wirtschaftsprüfungsgesellschaft National Instruments Germany GmbH DANONE GmbH Dr. Sasse AG NEMETSCHEK SE Develey Senf & Feinkost GmbH Edenred Deutschland GmbH Nokia Solutions and Networks Hacker-Pschorr Bräu GmbH Ernst & Young GmbH GmbH & Co. KG Josef Bernbacher & Sohn GmbH & Co. KG Wirtschaftsprüfungsgesellschaft NTT DATA Deutschland GmbH Käfer AG FlixMobility GmbH Open Text Software GmbH Löwenbräu AG FTI Touristik GmbH ORACLE Deutschland B.V.& Co. KG Ludwig Stocker Hofpfisterei GmbH Jochen Schweizer GmbH Qualcomm Germany RFFE GmbH Max Rischart‘s Backhaus KG Kantar Deutschland GmbH salesforce.com Germany GmbH McDonald`s Deutschland LLC KPMG AG Wirtschaftsprüfungsgesellschaft Tech Data GmbH & Co. oHG Mondelez Deutschland R&D GmbH MAHAG GmbH Telekom Deutschland GmbH Paulaner Brauerei Gruppe GmbH & Co. KGaA McKinsey & Company, Inc. Telefónica Deutschland Holding AG Red Bull Deutschland GmbH Motel One GmbH Travian Games GmbH Spaten-Franziskaner-Bräu GmbH Münchener Verein Krankenversicherung a.G. Vodafone GmbH, Region Süd Staatliches Hofbräuhaus in München mydays GmbH Yahoo! Deutschland Services GmbH vinzenzmurr Vertriebs GmbH PAYBACK GmbH Wrigley GmbH PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft Media Roland Berger GmbH Scout24 AG Fashion and lifestyle Sana Kliniken AG Abendzeitung München Verlags-GmbH SBK Siemens-Betriebskrankenkasse ARRI AG ALLUDE Gesellschaft für Entwicklung und Serviceplan Gruppe für innovative Bavaria Film GmbH Distribution von Modewaren mbH Kommunikation GmbH & Co. KG Bayerischer Rundfunk ESCADA SE Sixt SE Anstalt des öffentlichen Rechts Estèe Lauder Companies GmbH Stadtwerke München GmbH Carl Hanser Verlag GmbH & Co. KG Etienne Aigner AG Studiosus Reisen München GmbH Constantin Film AG HALLHUBER GmbH The Boston Consulting Group GmbH dtv Verlagsgesellschaft mbH & Co. KG Königliche Porzellan Manufaktur TÜV SÜD AG GRÄFE UND UNZER VERLAG GmbH Nymphenburg GmbH & Co. KG H. Hugendubel GmbH & Co. KG Laurèl GmbH Hubert Burda Media Holding LODEN-FREY Verkaufshaus GmbH & Co. KG Kommanditgesellschaft Louis Vuitton Deutschland GmbH
13 Munich as a hub of knowledge
Munich is Germany’s second-biggest university city.
Students at Munich’s universities in the winter 2016/2017 semester
50 995 119 954 students in Munich, 39 587 of whom 21 589 (18.0%) 17 841 8 506 were foreign students 3 025
Ludwig-Maximilians- Technische Universität Munich University of University of the Other Universität München München Applied Sciences Federal Armed universities Forces Munich
Source: Bavarian Office of Statistics and Data Processing
Insitutes of higher education and selected non-university research institutions
Academy of Fashion and Design Macromedia University for Media and Communication
Bavarian Academy of Sciences and Humanities Max Planck Society
Catholic University of Applied Sciences Munich Academy of the Fine Arts
Deutsches Museum Munich Business School
FOM – University of Applied Sciences Munich School of Philosophy
Fraunhofer Society Munich School of Political Science
Fresenius University, Munich department Munich University of Applied Sciences
Goethe Institute Munich University of Music and Theater
HDBW Bavarian Business Academy Munich Munich University of Television and Film
Helmholtz Center Munich Munich University of the Federal Armed Forces
ifo Institute for Economic Research Technische Universität Münchens
Institute of Contemporary History University of Applied Languages (SDI) Munich
Ludwig-Maximilians-Universität München
University graduates Munich 32.9% in 2017 Stuttgart 30.2%
Percentage of all employees registered Frankfurt/Main 27.2% for social security who are university graduates Berlin 25.1%
Cologne 23.2%
Hamburg 22.6%
Bavaria 16.1%
Germany 15.6%
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.
Assets Liabilities Balance sheet for Fixed assets 21 941 Equity 13 018 the City of Munich Current assets 1 907 Special items 2 473 on January 1, 2017
Accruals 114 Reserves 6 311 in € million Dependent foundations 320 Accounts payable 2 096
Deferrals 64
Dependent foundations 320
Total assets 24 282 Total assets 24 282
€ 3 300 million € 1 696 million € 1 020 million Planned local 48.4% 24.9% 15.0% government invest- ments, 2017 – 2021 Schools, child day care Housing construction Other capital Total investment: and nurseries expenditures € 6 817 million excluding the repatria- tion of capital to Stadtwerke München (€ 7 147 million, including a one-time effect relating to SWM) € 394 million € 186 million € 221 million 5.8% 2.7% 3.2%
Road and bridge Culture Municipal construction hospital
The City of Munich’s 3 414 local government debt
in € million 2 223 1 673 1 361 968 905 815 765 723 2005 – 2016: Actual debt figures, 2017: 2nd budget amendment
2005 2010 2011 2012 2013 2014 2015 2016 2017 Source: City of Munich, City Treasury
15 Real estate in Munich
Munich‘s office property market mirrors the city‘s economic development: record turnover figures and a dwindling vacancy rate.
Office space turnoverin m² 2016 2017 2016 2017
984 200 937 000 863 000 780 300 710 100 622 000 552 000 547 300
431 000 380 000 302 000 268 400
Berlin Cologne Frankfurt/Main Hamburg Munich Stuttgart
Average rents for Berlin Cologne Frankfurt/Main Hamburg Munich Stuttgart office spacein € / m² 2016 16.30 11.85 18.70 15.10 16.00 13.00 2017 19.15 12.90 20.00 15.40 17.30 13.40
Vacant office spacein m² 2016 2017 2016 2017
1 288 600
1 104 900
677 000 688 200 625 000 561 000 535 900 390 000 390 000 314 000 219 000 164 600
Berlin Cologne Frankfurt/Main Hamburg Munich Stuttgart
Office vacancy rates Berlin Cologne Frankfurt/Main Hamburg Munich Stuttgart 2016 3.0% 5.0% 11.2% 5.0% 3.0% 2.8%
2017 2.0% 4.0% 9.6% 4.5% 2.4% 2.1%
Source: Colliers International
16 | Munich as a business location – Department of Labor and Economic Development Real estate in Munich
Major construction projects and plans, 2018 – 2019 Jobs Jobs Right to build granted Residents Use planning in progress Residents Date: February 2017 >20 ha and/or >1000 units <20 ha and/or <1000 units
Source: Department of Urban Planning and Building Regulation
17 Munich’s infrastructure
Munich’s trade fair company is one of the world’s leading trade fair organizers.
Munich trade fair 2012 2013 2014 2015 2016 2017 company Trade fairs and exhibitions 15 16 13 13 16 15 Guest shows 230 203 202 204 169 180
No. of exhibitors (thousands) 40 No. of visitors (hundred thousands) 36.4 37.0 35 33.6 35.0 34.7 32.8 30
25 23.0 24.3 20 19.1 19.3 17.8 17.9 15
2012 2013 2014 2015 2016 2017
Selected Munich trade fairs in 2017 exhibitors visitors ISPO MUNICH World‘s largest sports trade fair 2 675 86 849 transport logistic World‘s premier trade fair for logistics, mobility, 2 162 60 726 IT and supply chain management BAU World‘s leading trade fair for architecture, materials and systems 2 090 250 358 EXPO REAL International trade fair for property and investment 2 003 36 709 drinktec World‘s leading trade fair for the beverage and liquid food industry – 1 750 77 603 processing, filling, packaging and marketing productronica World‘s leading trade fair for electronics development and production 1 432 44 987 LASER World of PHOTONICS World‘s premier trade fair for photonics components, systems and 1 294 32 700 applications HEIM & HANDWERK Building, furnishing, living 1 153 135 000 incl. Food and Life INTERNATIONALE HANDWERKS- Leading trade fair for craft trades 1 036 125 972 MESSE incl. Garten München INHORGENTA MUNICH Leading international trade fair for jewelry and watches 974 27 674
Selected congresses at the ICM International Congress Center in 2017 Participants 134th Congress of the German Society of Surgery (March 2017) approx. 6 000 Bits & Pretzels (September 2017) approx. 5 000 BpT – Association of Veterinary Practitioners (October 2017) approx. 4 000 Medientage (“Media Days”) (October 2017) approx. 7 000 Fujitsu Forum (November 2017) approx. 12 000
Source: Messe München
18 | Munich as a business location – Department of Labor and Economic Development Munich’s infrastructure
Munich Airport – ten-time winner of the “Best European Airport” award.
47 Passenger volume at 44 44.6 Munich Airport 40.9 41 42.3 38.7 millions 38 39.7 38.4 35
32
29 2012 2013 2014 2015 2016 2017
425 Take-offs and landings 398 394 405 400 377 at Munich Airport 380 375 382 thousands 350
325
300 2012 2013 2014 2015 2016 2017
Source: Flughafen München GmbH
Passenger volumes at selected German airports
millions
60.8 42.3 32.9 23.5 16.2
2016 Frankfurt/Main Munich Berlin Düsseldorf Hamburg
64.5 44.6 33.3 24.6 17.6
2017 Frankfurt/Main Munich Berlin Düsseldorf Hamburg
Source: German Airports Association (ADV)
19 Munich’s infrastructure
Munich Airport is one of Europe’s biggest aviation hubs.
Selected European flight connections
a two-hour radius
London (2:00) Birmingham (2:00) Vilnius (2:00) Southampton (2:00) Copenhagen (1:35) Hamburg (1:15) Berlin (1:10)
Frankfurt/ Warsaw (1:30) Main (1:05) Amsterdam (1:35) Prague (0:55) Brussels (1:20) Krakow (1:25) Luxembourg (1:05)
Paris (1:35) Vienna (1:00)
Zurich (0:55) Budapest (1:15)
Belgrade (1:25)
Lyon (1:20) Geneva (1:10) Sarajevo (1:25)
Zagreb (1:05) Ljubljana (0:50) Nice (1:30) Milan (1:05) Rome (1:30) Tirana (1:45) Marseille (1:40) Naples (1:40)
Selected direct international flights
102 airlines regularly served 266 destinations in 2017
Reykjavik (3:55) St. Petersburg (2:45) Moskow (3:05) Kiev (2:15) Montreal (8:45) Seattle (12:20) Toronto (8:50) Chicago (10:00) Istanbul (2:40) Beijing (9:40) San Francisco (12:20) New York (9:25) Seoul (10:25) Tokyo (11:20) Denver Washington (9:30) Los Angeles (12:30) Casablanca (3:40) Cairo (3:40) Tehran (4:40) (11:10) Charlotte (10:35) Amman (3:55) Shanghai (10:50) Abu Dhabi (6:15) Delhi (7:20) Hong Kong (11:05) Dubai (6:00) Miami (11:20) Mumbai (7:50) Mexico City (13:15) Havanna (11:55) Bangkok (10:35) Santo Domingo (13:15) Tobago (12:20) Singapore (11:40) Mombasa (8:20)
Recife (10:10) Johannesburg (10:45) Mauritius (11:05)
Cape Town (11:45)
Source: Flughafen München
20 | Munich as a business location – Department of Labor and Economic Development Imprint
Published by: City of Munich Department of Labor and Economic Development Herzog-Wilhelm-Str. 15 80331 München Germany
Editor: Eva Schweigard Tel. +49-89-233 2 53 25 [email protected]
Design: wpgh kommunikation, München
Printing: Bugl Druck, Essenbach
Printed on paper made from certified wood from controlled sources and from recycled materials
Munich, February 2018
Picture credits on cover: TechFest Munich (Foto: Andreas Heddergott) Olympic grounds (Foto: Werner Boehm) Tower building Theresienhöhe (Foto: Werner Boehm)