Altstadt-Lehel is a trophy-tier Munich submarket with average asking rent around €60/sqm/mo · ≈ $72.2 PSF/yr USD.

  • Average asking rent: €60/sqm/mo · ≈ $72.2 PSF/yr USD.
  • Tier: trophy.
  • Citywide Class A rent context: €56/sqm/mo · ≈ $67.4 PSF/yr USD ($67 USD).
  • Citywide vacancy: 6.1% — submarket-level availability is typically tighter at trophy tier.

Altstadt-Lehel, Munich office rents and availability

Altstadt-Lehel is a trophy-tier Munich submarket with average asking rent around €60/sqm/mo · ≈ $72.2 PSF/yr USD.

TL;DR

  • Average asking rent: €60/sqm/mo · ≈ $72.2 PSF/yr USD.
  • Tier: trophy.
  • Citywide Class A rent context: €56/sqm/mo · ≈ $67.4 PSF/yr USD ($67 USD).
  • Citywide vacancy: 6.1% — submarket-level availability is typically tighter at trophy tier.

Where rent sits

Altstadt-Lehel averages around €60/sqm/mo · ≈ $72.2 PSF/yr USD for Class A, against a citywide Class A index of 56. As a trophy submarket, rent runs above the city average and availability is structurally tight.

Availability dynamics

Historic CBD trophy. Banking, law, insurance, family offices, government.

Key facts

cityMunich
submarketAltstadt-Lehel
tiertrophy
averageRentLocal€60/sqm/mo · ≈ $72.2 PSF/yr USD
cityClassARentUsd$67/sqft/yr
cityVacancyPct6.1%

Frequently asked questions

What is the average Class A rent in Altstadt-Lehel, Munich?
Around €60/sqm/mo · ≈ $72.2 PSF/yr USD. The citywide Class A index sits at €56/sqm/mo · ≈ $67.4 PSF/yr USD.

Related

Editorial provenance

Reviewed by Samuel Okafor — EMEA contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.

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