2020 Munich as a business location. Facts and Figures
2020 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, business-munich.de February 2020, Vol. No. 330 welcome.munich.de How high is Munich’s purchasing power? Has employment risen again? What areas of invest- ment does the city budget focus on? What are Munich’s key industries?
This publication provides facts and figures to answer these questions and to provide a wide-ranging and up-to-date overview of the many and varied aspects of Munich’s economy.
The figures, tables and diagrams paint a clear picture of Munich as an economic force and centre for innovation with immense potential. Statistics on economic performance, employment and unemployment, and important industries rein- force this message. The impressive list of selected companies in Munich reads like a who’s who of German businesses, and also includes major international players based in the city.
Key data underlines not only Munich’s economic power, but also the city’s additional strengths as a start-up hub boasting impressive innovation networks, as a centre of higher education and science, and as a tourist destination. Data on the Messe Munich trade fair and Munich Airport illustrate the impressive performance of Munich’s public infrastructure and facilities, which are supported by a healthy financial structure. Facts on the development of Munich’s office property market, major projects and construction plans in the pipeline complete the overview.
I wish you an enjoyable and informative read.
Clemens Baumgärtner 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
Munich as a centre for innovation 8
Start-ups in Munich 9
Sectors and clusters in Munich 10
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
Getting to and from Munich 20
The Munich economic region
A place at the top table: How Munich compares with other cities
Institute and customer Sample Basis for rankings Position “City Rankings 2019” 71 cities Assessment of the level, dynamism First place for the City IW Consult, Wirtschaftswoche, with more and sustainability of economic de- of Munich for level, Immobilienscout 24 (11/2019) than 100,000 velopment and prosperity based on second placed for dyna- inhabitants socioeconomic indicators mism and sustainability
“Comparative Study 30 largest Assessment of the dynamism of Third place for the City of the 30 Largest Cities in Germany” German cities economic performance and competi- of Munich HWWI/Berenberg City Ranking (11/2019) tiveness, as well as other key location factors such as education, innovation, international character and accessi- bility “Prognos Future Atlas 2019 – Germany’s 401 admin- Assessment of development based First place for the City Regional Rankings” istrative on socioeconomic indicators relating of Munich Prognos (7/2019) districts to demographics, the labour market, competition and innovation as well as prosperity and social situation
“Mercer Quality of Living Ranking 2019” 231 cities Evaluation of quality of living based Third place for the City Mercer (3/2019) across the on political, social, economic and of Munich globe environmental indicators
“Dataland Germany. 30 German Evaluation and assessment of digital First place for Munich Germany’s Tech Hubs – Performance metropolitan tech hubs in Germany and their future and Potential of German Cities” regions potential for innovation based on eco- Deloitte (11/2018) nomic indicators and labour market data
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 2010 2013 2014 2015 2016 2017 domestic product GDP in € billion 70.5 81.9 95.7 100.3 105.1 109.3 115.1 (at current prices in each year) (GDP)
Population GDP in million € GDP per gainfully employed Population and (2018) (2017) person in € (2017) share of GDP Bavaria 13 076 721 605 390 80 374 Munich region = City of Munich and its outlying districts Munich region 2 908 664 190 133 100 736
City of Munich 1 471 508 115 077 103 369
Outlying districts 1 437 156 75 056 96 949
Munich’s share Munich’s share of Bavaria’s GDP of Bavaria’s population
19.0% City of Munich 11.3% City of Munich
11.0% Outlying districts 12.4% Outlying districts
68.6% Bavaria (excluding 77.7% Bavaria (excluding the Munich region) the Munich region)
Source: Bavarian Office of Statistics and Data Processing
Per capita purchasing power in 2019 33 705 in €
22 399 24 824 26 454 26 609 26 958 26 609 24 491
Berlin Cologne Stuttgart Frankfurt/Main Hamburg Munich Bavaria Germany
142% 112% 112% 114% 112% 105% 100% 94% purchasing power index
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 Metro City of Munich politan Region Surface area (in km2) 357 100 70 550 25 548 310
Population in 2017 (millions) 82.79 13.08 6.12 1.47
Population growth since 2000 (in %) 0.8 7.6 13.5 23.5
GDP in 2017 (in € billion) 3 245.0 605.4 326.0 115,1
Economic growth since 2000 (in %) 53.8 69.0 72.3 63.3
Employees registered for 32.87 5.60 2.71 0.89 social security in 2019 (millions) Employment growth since 2008 (in %) 19.5 23.0 27.3 30.6
Unemployment rate in 2019 (in %) 5.0 2.8 2.8 3.3
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 2019
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% 11.6% 11.4% 9.9% 6.4% 5.2% 4.6% 4.1% 3.7% 0.1%
Construction, energy/ Property, water consultancy, Information, Other public supply, Agri- business communication and private energy culture, services Manufacturing and media services industry forestry
Number of employees Change from previous year registered for social Agriculture, forestry 540 0.7% security in 2019 Manufacturing 104 199 2.8% Construction, energy/water supply, energy industry 36 686 3.2% Retail, catering, transportation 161 155 1.9% Information, communication and media 88 545 6.7% Financial and insurance services 57 569 1.2% Property, consultancy, business services 224 846 2.3% Public administration 41 761 1.6% Education and teaching 33 439 3.0% Healthcare and social sector 101 980 2.4% Other public and private services 46 420 1.8% Total 897 140 2.6%
Source: Federal Employment Agency
6 | Munich as a business location – Department of Labor and Economic Development Employment in Munich
Employment is growing above all in the service sector and in digitised sectors of the economy.
2015 2019 Absolute Increase Employment increase in % in selected Automobile production and 54 784 62 777 7 993 14.6% other automotive engineering growth sectors Information and communication, total 66 949 88 545 21 596 32.3% Employees registered Provision of information 37 951 55 630 17 679 46.6% for social security technology services Corporate services, total 193 496 224 846 31 350 16.2% Legal and tax advice, auditing 25 250 29 858 4 608 18.2% Architects and engineering offices; 25 829 32 941 7 112 27.5% laboratories Healthcare and social services 90 060 101 980 11 920 13.2% Total employment 797 102 897 140 100 038 12.6%
2018 Germany 5.2% Unemployment Bavaria 2.9% rates in Germany,
Munich Bavaria and Munich Change from 3.5% previous year 2019 Germany 5.0% Annual averages Agriculture, forestry 540 0.7% Bavaria 2.8% Number of people out of work in 2019 Manufacturing 104 199 2.8% Germany: 2 266 720 Munich Construction, energy/water supply, energy industry 36 686 3.2% 3.3% Bavaria: 211 965 Munich: 34 708 Retail, catering, transportation 161 155 1.9% Information, communication and media 88 545 6.7% Financial and insurance services 57 569 1.2% Property, consultancy, business services 224 846 2.3% Public administration 41 761 1.6% Education and teaching 33 439 3.0% Berlin 152 564 7.9% Number of Healthcare and social sector 101 980 2.4% 7.8% Other public and private services 46 420 1.8% Cologne 46 397 unemployed persons Total 897 140 2.6% Hamburg 64 774 6.1% and unemployment
Frankfurt/Main 20 486 5.0% rates in German cities
Stuttgart 20 129 3.6% in 2019 Munich 34 708 3.3% Annual averages
Source: Federal Employment Agency
7 Munich as a centre for innovation
Innovation in Munich benefits from a high degree of dynamism and a diverse ecosystem.
Munich Urban Colab – new innovation and start-up centre Joint project of the City of Munich and UnternehmerTUM
Artificial intelligence Mobility
Design and Energy supply construction
The Munich Urban Colab is responsible for developing scientists and creatives from diverse sectors are working Smart City Solutions. Start-ups, corporate innovators, together on issues directly related to the city of the future.
MUST – The Munich Innovation Ecosystem
Thriving Startup Scene Established Companies
Great Talent Factory Leading Tech-Hub
MUST – The Munich Innovation Ecosystem is the driving The MUC SUMMIT GmbH, initiated by the Unternehmer force for the strategic development of Munich’s inno- TUM GmbH, the Strascheg Center for Entrepreneurship vation ecosystem by connecting and enabling the key gGmbH, and the German Entrepreneurship GmbH in stakeholders and putting the spotlight on the ecosystem 2015, established itself as a unique and successful facili- nationally and internationally. tator to bring together the ecosystem players in Munich and to define projects jointly.
More information under: www.must-munich.com
8 | Munich as a business location – Department of Labor and Economic Development Start-ups in Munich
Munich – the location for start-ups and entrepreneurs 63% Munich‘s share The city is one Start-ups in 63% of Munich- Start-ups in of German start- of the top five Munich are based start- Munich have ups increases. start-up hubs in more optimistic ups judge the an especially Germany. than start-ups in location to be positive view of other German very good or the proximity cities. On aver- good. This is the to universities age, they plan second highest and networking to employ 14.7 level of satisfac- opportunities. new employees. tion in Germany.
Source: Federal Association of German Startups e.V. and PwC Germany: German Startup Monitor 2019
Top Ten: Munich start-ups 1. Flixmobility (Mobility): 507 with the biggest rounds of 2. Celonis (Big Data): 260 financing in 2019 3. Cluno (Mobility): 140 in € million A round of financing is an 4. Personio (HR): 96.2 increase in capital contributions € Ottonova (Insurtech): through investors. 5. 60 6. Price f(x) (Fintech): 48 7. Freeletics (Fittech): 40.6 8. Holidu (Traveltech): 40 € € 9. Proglove (Wearable): 36.2
€ Idnow (Fintech): Source: Munich Startup 10. 36.2
Munich is one of Germany’s leading tech hubs
Munich is home to two German Digital Hubs: Digital Hub InsurTech and the Digital Hub Mobility. The biotech cluster BioM forms another focal point. In the future, Munich will also become Bavaria’s centre for arti- ficial intelligence (AI), with the “Mission Institute for AI” und 22 new AI professorial chairs at the Ludwig Maximilian University and the Technical University.
Detailed and up-to-date information is available at: Department of Labor and Economic Development, Startups: www.muenchen.de/gruendung Munich Startup – the Official Startup Portal for Munich: www.munich-startup.de
9 Sectors and clusters in Munich
Munich’s balanced economic structure includes a strong focus on exports in the manufacturing industry.
Value added in the € 32 602 million € 26 648 million individual sectors 31.5% 25.7% in 2017
Value added € 103 725 million
Finance, insurance, Retail, catering, business services, transportation, information property and housing and communication € 25 035 million € 19 440 million 24.1% 18.7%
Manufacturing Public and private sector services, childcare and healthcare
Manufacturing 2016 2017 2018 industry in Munich Total turnover 29 601 29 190 30 330 in € million Exports 18 647 18 222 18 587 Export rate 63.0% 62.4% 61.3% Export ratio Bavaria 2018: 53.0% Export ratio Germany 2018: 48.5%
3 994 Total 2 156 Total 2 080 Total turnover turnover turnover
3 221 Exports 1 618 Exports 1 259 Exports
80.6% Export rate 75.0% Export rate 60.5% Export rate
Manufacture of IT, Mechanical engineering, 2018 Manufacture of electronic and optical electrical equipment, 2018 products, 2018
Source: Bavarian Office of Statistics and Data Processing
10 | Munich as a business location – Department of Labor and Economic Development Sectors and clusters in Munich
Selected sectors and clusters at the Munich location.
Munich Information and region Communications Companies 11 309 Technology (ICT) € Turnover (in billion) 24.0 2019 Employees 118 616 Munich region Growth: Employment 2012–2018 + 31 700/+ 36%
Growth: Companies 2012–2017 + 1 166/+ 11%
Growth: Turnover 2012–2017 in Munich (in € billion) 6.6/+38%
Source: ifo lnstitute, Munich as ICT Location 2019
Munich Outlying Munich Environment industry districts region 2018 Companies 4 624 5 396 10 020
Turnover (in € billion) 18.1 5.1 23.2
Employees 51 600 37 900 89 500
Quelle: prognos, Umweltwirtschaft in der Region München, 2018
2014 2015 2016 2017 2018 2019* Tourism
City of Munich Arrivals (in 1 000) 6 594 6 957 7 042 7 763 8 266 8 750
Overnight stays (in 1 000) 13 448 14 066 14 041 15 664 17 124 18 300
Turnover resulting from tourism in Munich in 2019
Total turnover € 8.29 billion
€ 2.96 billion 35.7% Retail € 3.58 billion 43.2% Hotels and catering € 1.75 billion 21.1% Services
*Projection 2019 Source: City of Munich, Department of Labor and Economic Development, Munich Office of Tourism.
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 ASM Assembly Systems GmbH & Co. KG Aktiengesellschaft Merck Finck Privatbankiers AG BAUER COMP Holding GmbH Bertrandt Ingenieurbüro GmbH Münchener Hypothekenbank eG BSH Hausgeräte GmbH EDAG Engineering GmbH Münchener Verein Krankenversicherung a.G. DR. SCHNELL GmbH & Co. KGaA Franz Xaver Meiller Fahrzeug- und Münchener Rückversicherungs-Gesellschaft EOS GmbH Electro Optical Systems Maschinenfabrik GmbH & Co. KG Aktiengesellschaft in München FRANKA EMIKA GmbH iwis Gruppe Münchner Bank eG Freudenberg Chemical Specialities MAN SE SBK Siemens-Betriebskrankenkasse SE & Co. KG P+Z Engineering GmbH Sparda-Bank München eG Fujitsu Technology Solutions GmbH Rail Power Systems GmbH Stadtsparkasse München Giesecke+Devrient GmbH Schleicher Fahrzeugteile GmbH & Co. KG Anstalt des öffentlichen Rechts Gleason-Hurth Tooling GmbH Valmet Automotive Engineering GmbH State Street Bank International GmbH HAWE Hydraulik SE Volke Consulting Engineers GmbH & Co. Swiss Life AG Hoffmann SE Planungs KG Niederlassung für Deutschland Infineon Technologies AG Webasto SE Swiss Re Europe S.A. Intel Deutschland GmbH Niederlassung Deutschland Klüber Lubrication München SE & Co. KG UniCredit Bank AG Knorr-Bremse AG Property/construction Versicherungskammer Bayern KraussMaffei Group GmbH Versicherungsanstalt des öffentlichen Rechts Krauss-Maffei Wegmann GmbH & Co. KG Accumulata Real Estate GmbH Wirecard AG LEGO GmbH ARGENTA Internationale Anlagegesell- WWK Lebensversicherung auf Linde Aktiengesellschaft schaft mbH Gegenseitigkeit MAURER SE Bayerische Hausbau GmbH & Co. KG
MTU Aero Engines AG DIBAG Industriebau AG OHB System AG Drees & Sommer München Life Science OSRAM Licht AG Hammer AG Philip Morris GmbH Investa Projektentwicklungs- und Agfa-Gevaert HealthCare GmbH Rodenstock GmbH Verwaltungsgesellschaft mbH Amgen GmbH Arthrex GmbH ROHDE & SCHWARZ GmbH & Co. KG Leonhard Moll AG Astellas Pharma GmbH Siemens Aktiengesellschaft Optima-Aegidius-Firmengruppe Bavarian Nordic GmbH Siltronic AG STRABAG Großprojekte GmbH Baxter Deutschland GmbH SONA BLW Präzisionsschmiede GmbH WÖHR + BAUER GmbH bene-Arzneimittel GmbH SPINNER GmbH Brainlab AG TDK Electronics AG Bristol-Myers Squibb GmbH & Co. KGaA Texas Instruments Deutschland GmbH Daiichi Sankyo Europe GmbH Thüga Aktiengesellschaft Financial services GE Healthcare GmbH VISPIRON SYSTEMS GmbH GlaxoSmithKline GmbH & Co. KG Allianz SE Hexal AG Wacker Neuson SE AXA Konzern AG LivaNova Deutschland GmbH Bayerische Börse AG Medigene AG Bayerische Landesbank MorphoSys AG MSD SHARP & DOHME GMBH Anstalt des öffentlichen Rechts PUREN Pharma GmbH & Co. KG BNP Paribas S.A. Niederlassung Deutschland Roche Diagnostics GmbH CACEIS Bank S.A., Germany Branch Sandoz International GmbH Continentale Lebensversicherung AG Wacker Chemie AG Deutsche Pfandbriefbank AG Generali Versicherung AG Interhyp AG
1) not exhaustive DAX company
12 | Munich as a business location – Department of Labor and Economic Development Information and IDG Communications Media AG MORE & MORE GmbH Münchener Zeitungs-Verlag GmbH & Co. KG Oui Gruppe GmbH & Co. KG communication Programmdirektion Erstes Deutsches Roeckl Handschuhe & Accessoires GmbH technology Fernsehen & Co. KG ProSiebenSat.1 Media SE Steelcase AG RTL 2 Fernsehen GmbH & Co. KG TALBOT RUNHOF Apple GmbH Sky Deutschland GmbH Triumph International AG Atos Information Technology GmbH Sony Music Entertainment Germany GmbH Willy Bogner GmbH & Co. KGaA Autodesk GmbH Springer Fachmedien München GmbH Avnet Business Services GmbH Süddeutscher Verlag GmbH BT (Germany) GmbH & Co. oHG The Walt Disney Company (Germany) GmbH CANCOM SE VERLAG C.H.BECK oHG Other service providers Cegeka Deutschland GmbH Verlagsgruppe Random House GmbH Celonis SE Accenture GmbH Vodafone Kabel Deutschland GmbH Cisco Systems GmbH ADAC e.V.
ESG Elektroniksystem- und Logistik-GmbH Amazon EU SARL
Gigaset AG Bain & Company Germany, Inc. Google Germany GmbH Food Bayerngas GmbH Huawei Technologies Deutschland GmbH BayWa AG IBM Deutschland GmbH Alois Dallmayr KG BRUNATA – METRONA GmbH & Co. KG Ingram Micro Distribution GmbH AmRest Coffee Deutschland Boston Consulting Group GmbH M-net Telekommunikations GmbH Sp. z o. o. & Co. KG Capgemini Deutschland GmbH Mensch und Maschine Deutschland GmbH Augustiner-Bräu Wagner KG CHECK24 Vergleichsportal GmbH Microsoft Deutschland GmbH DANONE GmbH Deloitte GmbH Wirtschaftsprüfungs National Instruments Germany GmbH Develey Senf & Feinkost GmbH gesellschaft NEMETSCHEK SE Hacker-Pschorr Bräu GmbH Dr. Sasse AG Nokia Solutions and Networks Josef Bernbacher & Sohn GmbH & Co. KG Edenred Deutschland GmbH GmbH & Co. KG Käfer AG Ernst & Young GmbH NTT DATA Deutschland GmbH Löwenbräu AG Wirtschaftsprüfungsgesellschaft Open Text Software GmbH Ludwig Stocker Hofpfisterei GmbH FlixMobility GmbH ORACLE Deutschland B.V.& Co. KG Mars Wrigley Confectionery FTI Touristik GmbH Qualcomm Germany RFFE GmbH Max Rischart‘s Backhaus KG Jochen Schweizer GmbH salesforce.com Germany GmbH McDonald`s Deutschland LLC Kantar GmbH SAP Deutschland SE & Co. KG Paulaner Brauerei Gruppe GmbH & Co. KGaA KPMG AG Wirtschaftsprüfungsgesellschaft Tech Data GmbH & Co. oHG Red Bull Deutschland GmbH MAHAG GmbH Telekom Deutschland GmbH Spaten-Franziskaner-Bräu GmbH McKinsey & Company Inc. Telefónica Deutschland Holding AG Staatliches Hofbräuhaus in München Motel One GmbH Travian Games GmbH vinzenzmurr Vertriebs GmbH mydays GmbH Vodafone GmbH, Region Süd PAYBACK GmbH Yahoo! Deutschland Services GmbH PricewaterhouseCoopers GmbH Fashion and lifestyle Wirtschaftsprüfungsgesellschaft Roland Berger GmbH Scout24 AG Media ALLUDE Gesellschaft für Entwicklung und Sana Kliniken AG Distribution von Modewaren mbH Serviceplan Group SE & Co. KG Abendzeitung München Verlags-GmbH Ambiente Direct GmbH Sixt SE ARRI AG ESCADA SE Stadtwerke München GmbH Bavaria Film GmbH Estée Lauder Companies GmbH Studiosus Reisen München GmbH Bayerischer Rundfunk Etienne Aigner AG TÜV SÜD AG Anstalt des öffentlichen Rechts HALLHUBER GmbH Carl Hanser Verlag GmbH & Co. KG Königliche Porzellan Manufaktur Constantin Film AG Nymphenburg GmbH & Co. KG dtv Verlagsgesellschaft mbH & Co. KG Laurèl GmbH GRÄFE UND UNZER VERLAG GmbH LODEN-FREY Verkaufshaus GmbH & Co. KG H. Hugendubel GmbH & Co. KG Louis Vuitton Deutschland GmbH Companies in Munich: 90 711 Hubert Burda Media Holding KG MAERZ Muenchen KG New business registered: 17 393
13 Munich as a hub of knowledge
Munich is Germany’s second-biggest university city.
Students at Munich’s universities in the winter 2018/2019 semester
51 164 131 006 students in Munich, 40 632 of whom 26 401 (20.2%) 17 987 17 952 were foreign students 3 271
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
Selected universities Selected non-university research institutions
Academy of Fashion and Design Bavarina Academy of Sciences and Humanities
Catholic University of Applied Sciences Deutsches Museum
FOM – University of Applied Sciences Fraunhofer Society
Fresenius University, Munich department Goethe Institute
HDBW Bavarian Business Academy Munich Helmholtz Center Munich
Ludwig-Maximilians-Universität München ifo Institute for Economic Research
Macromedia University for Media and Communication Institute of Contemporary History
Munich Academy of the Fine Arts Leibniz-Institute for Food Systems Biology
Munich Business School Max Planck Society
Munich School of Philosophy
Munich School of Political Science
Munich University of Applied Sciences
Munich University of Music and Theater
Munich University of Television and Film
Munich University of the Federal Armed Forces
Technische Universität München
University of Applied Languages (SDI) Munich
University graduates Munich 35.7% 2019 Stuttgart 32.7%
Percentage of all employees registered Frankfurt/Main 29.5% for social security who are university graduates Berlin 27.6%
Cologne 25.4%
Hamburg 24.5%
Bavaria 17.5%
Germany 16.8%
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.
Revenues 7 798 166 Balance sheet for the Surplus 3 137 City of Munich, 2019 Other revenues in € million
7 632 2 740 Expenditures Business tax 1 270 Income tax 330 Property tax 321 Other taxes
Planned investments in the City of Munich in 2019 – 2023
Total investments: € 9 936 million
€ 4 273 € 1 369 € 983 € 978 € 686 million million million million million 43.0% 13.8% 9.9% 9.8% 6.9%
Schools, nurseries Housing construction Other investments Other construction SWM capital and creches projects repayment
€ 608 € 599 € 306 € 134 million million million million 6.1% 6.0% 3.1% 1.4%
Local public Road and bridge Culture Climate change transportation construction mitigation program
The City of Munich’s local government debt 3 414 Debts Debts per inhabitant in € million in € 2 650 2005 – 2018: Actual debt figures, 2019: 2nd budget amendment 1 673 1 361 1 186 967 945 906 815 766 724 680 680 660 608 536 496 474 441 437
2005 2011 2012 2013 2014 2015 2016 2017 2018 2019
Source: City of Munich, City Treasury
15 Real estate in Munich
Office property markets mirror the rising demand and dwindling vacancy rates in larger towns and cities.
Office space turnoverin m² 2018 2019 2018 2019
1 030 000 973 300 791 000 770 400
618 000 564 000 550 500 535 400
312 100 290 000 275 000 216 100
Berlin Frankfurt/Main Hamburg Cologne Munich Stuttgart
Average rents for Berlin Frankfurt/Main Hamburg Cologne Munich Stuttgart office spacein € / m² 2018 21.70 20.30 15.70 13.80 19.00 14.00 2019 26.30 21.30 17.30 15.20 20.10 16.60
Vacant office spacein m² 2018 2019 2018 2019
783 800 793 600
488 000 489 400 344 700 410 600 304 500 246 000 220 000 185 400 175 000 149 600
Berlin Frankfurt/Main Hamburg Cologne Munich Stuttgart
Office vacancy rates Berlin Frankfurt/Main Hamburg Cologne Munich Stuttgart 2018 1.5% 6.8% 3.6% 2.8% 1.8% 2.3%
2019 1.2% 6.9% 2.5% 2.2% 2.2% 1.9%
Source: Colliers International
16 | Munich as a business location – Department of Labor and Economic Development Real estate in Munich
Major construction projects and plans, 2019 – 2020 Jobs Jobs Right to build granted Residents Use planning in progress Residents Date: February 2019 >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 2014 2015 2016 2017 2018 2019 company Trade fairs and exhibitions 13 13 16 15 14 15 Guest shows 202 204 169 180 158 163
No. of exhibitors (thousands) 40 No. of visitors (hundred thousands) 37.0 37.0 35 33.6 34.7 32.5 30 32.8
25 24.3 24.9
19.1 20 19.3 19.5 17.9 15 2014 2015 2016 2017 2018 2019
Selected Munich trade fairs in 2019 Exhibitors Visitors BAU World’s leading trade fair for architecture, materials and systems 2 240 249 228
bauma World’s leading trade fair for construction machinery, building material 3 684 627 603 and mining machines, construction vehicles and equipment HEIM + HANDWERK Building, furnishing, living with FOOD & LIFE – Where gourmets meet 1 211 121 000 INHORGENTA MUNICH Leading international trade fair for jewellery and watches 1 039 27 271 INTERNATIONALE International trade fair for craft trades with Garten München 951 105 333 HANDWERKSMESSE ISPO München World’s leading sports trade fair 2 926 80 200 LASER World of PHOTONICS World‘s leading trade fair and congress for components, systems and 1 325 33 999 applications of optical technologies Opti International trade fair for optics and design 631 28 294 OutDoor by ISPO Europe’s largest outdoor trade fair 1 136 22 077
transport logistic World’s leading trade fair for logistics, mobility, IT and supply chain 2 374 63 893 management
Selected congresses at the ICM International Congress Center in 2019 Participants Congress of the Federal Association of Practising Veterinarians (bpt) 2 000 Congress of the German Society of Surgery (DCK) 4 700 Congress of the German Society for Child and Youth Medicine (DGKJ) 3 000 Congress of the German Respiratory Society (DGP) 4 000 International Conference of the Association for Information Systems (ICIS) 2 500
Source: Messe München
18 | Munich as a business location – Department of Labor and Economic Development Munich’s infrastructure
Munich Airport – twelve-time winner of the “Best European Airport” award.1)
50 47.9
47 46.3 44.6 Passenger volume at 44 42.3 Munich Airport 41 40.9 39.7 millions 38
35
32
29 2014 2015 2016 2017 2018 2019
425 417 405 413 Take-offs and landings 380 394 400 377 at Munich Airport 375 thousands 350
325
300 2014 2015 2016 2017 2018 2019
1) Award is given by Skytrax World Airport Awards.
Source: Flughafen München
Passenger volumes at selected German airports
millions
69.5 46.3 34.7 24.3 17.2
2018 Frankfurt/Main Munich Berlin Düsseldorf Hamburg
70.6 47.9 25.5 24.2 17.3
2019 Frankfurt/Main Munich Berlin Düsseldorf Hamburg
Source: German Airports Association (ADV)
19 Getting to and from Munich
Car: Connections to 7 motorways Public transport: 722 million passengers annually with a 442 km S-Bahn, 95 km U-Bahn, 82 km tram and 511 km bus network Rail transport: Over 220 long-distance and 250 regional trains transport approx. 450,000 passengers each day
Selected European flight connections
a two-hour radius Vilnius (2:00) Southampton (2:00) London (1:55) Copenhagen (1:35)
Hamburg (1:15) Berlin (1:10)
Frankfurt/ Warsaw (1:35) Main (1:00) Amsterdam (1:35) Prague (0:50) Brussels (1:20) Krakow (1:15) Luxembourg (1:05)
Paris (1:40) Vienna (1:05)
Zurich (0:55) Budapest (1:15)
Belgrade (1:30)
Lyon (1:20) Geneva (1:10) Sarajevo (1:20)
Zagreb (1:05) Ljubljana (1:00) Nice (1:25) Milan (1:05) Rome (1:30) Tirana (1:40) Marseille (1:35)
Selected direct international flights
101 airlines regularly served 254 destinations in 2019.
Reykjavik (3:55) Stockholm (2:10) Helsinki (2:35) Oslo (2:15) St. Petersburg (2:45) Moskow (3:00) Dublin (2:30) Ekaterinburg (4:40) Kiev (2:10) Novosibirsk (6:30) Vancouver (10:15) Montreal (8:20) Toronto (8:50) Madrid (2:45) Chicago (9:55) Istanbul (2:35) Beijing (9:35) Lissabon (3:15) San Francisco (11:50) New York (9:10) Seoul (10:25) Tokyo (11:25) Denver Washington (9:15) Osaka (11:00) Los Angeles (12:15) Casablanca (3:40) Cairo (3:40) Tel Aviv (3:40) (10:40) Charlotte (10:05) Abu Dhabi (6:00) Shanghai (11:00) Riad (5:35) Delhi (7:30) Hong Kong (11:10) Houston (11:40) Dubai (6:00) Miami (11:00) Mumbai (8:15) Mexico-City (12:50) Havanna (11:50) Bangkok (10:40) Cancun (12:25)
Singapore (11:55) Bogota (12:05)
Mauritius (11:10) Johannesburg (10:40)
Cape Town (11:25)
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: Ortmaier Druck GmbH
Printed on paper made from certified wood from controlled sources and from recycled materials
Munich, February 2020
Picture credits on cover: Lovelace Platzl (Christian Kasper) TechFest München (Andreas Heddergott) Stadtansichten (Andreas Heddergott)