Altstadt-Lehel (trophy, ~€60/sqm/mo · ≈ $72.2 PSF/yr USD) is one of 5 Munich Class A submarkets we track.

  • Altstadt-Lehel sits at trophy tier.
  • Average rent €60/sqm/mo · ≈ $72.2 PSF/yr USD vs city average 56.
  • Compared submarkets: Maxvorstadt & Schwabing (prime), Werksviertel (trophy), Arnulfpark & Hauptbahnhof (prime).

Altstadt-Lehel vs other Munich submarkets

Altstadt-Lehel (trophy, ~€60/sqm/mo · ≈ $72.2 PSF/yr USD) is one of 5 Munich Class A submarkets we track.

TL;DR

  • Altstadt-Lehel sits at trophy tier.
  • Average rent €60/sqm/mo · ≈ $72.2 PSF/yr USD vs city average 56.
  • Compared submarkets: Maxvorstadt & Schwabing (prime), Werksviertel (trophy), Arnulfpark & Hauptbahnhof (prime).

Side-by-side with peers

**Maxvorstadt & Schwabing** (prime, €48/sqm/mo · ≈ $57.8 PSF/yr USD) — Universities and corporate trophy. **Werksviertel** (trophy, €52/sqm/mo · ≈ $62.6 PSF/yr USD) — Tech and creative trophy frontier. **Arnulfpark & Hauptbahnhof** (prime, €50/sqm/mo · ≈ $60.2 PSF/yr USD) — Trophy expansion corridor. **Bogenhausen & Riem** (prime, €38/sqm/mo · ≈ $45.8 PSF/yr USD) — Suburban trophy and trade fair belt.

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 other submarkets compete with Altstadt-Lehel in Munich?
Maxvorstadt & Schwabing, Werksviertel, Arnulfpark & Hauptbahnhof

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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