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Hofstatt, situated at Sendlinger Strasse 10 in Munich old town, opened in 2013 on the former Süddeutscher Verlag site, integrating historical facades with modern architecture. It offers 15,500 square meters of gross leasable area for retail, focusing on fashion, lifestyle, and food, plus 18,000 square meters of offices and 69 apartments around green courtyards. Prime location near Marienplatz and Sendlinger Tor ensures superior accessibility via U-Bahn, S-Bahn, trams, buses, and 750 parking spaces.
Tenant mix includes anchor Abercrombie & Fitch, fashion outlets like GANT and Subdued, EDEKA supermarket, and services such as ELBGYM fitness center. Fashion comprises 60 percent of space, food and essentials 25 percent, lifestyle 15 percent. In Munich retail market, valued at over €10 billion annually, Hofstatt positions as urban lifestyle hub amid 4.1 percent projected sales growth to 2029. Low vacancy rates of 3-5 percent in central centers support leasing, with high footfall from 100 million city visitors yearly.
Advantages encompass visibility in pedestrian zone and diverse demographics, but high rents of €200-250 per square meter yearly demand strong sales thresholds. Challenges involve competition from high streets and e-commerce, plus maintenance of historical elements in saturated fashion category.
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Hours of Operation
Hours
| Monday | 10:00 AM — 08:00 PM |
| Tuesday | 10:00 AM — 08:00 PM |
| Wednesday | 10:00 AM — 08:00 PM |
| Thursday | 10:00 AM — 08:00 PM |
| Friday | 10:00 AM — 08:00 PM |
| Saturday | 10:00 AM — 08:00 PM |
| Sunday | Closed |
Hours may vary on public holidays. Check with individual stores for specific holiday schedules.
Insights
Demographics and Footfall
Munich city center demographics include affluent residents with average household income exceeding €35,000, a 35 percent share of 25-44 year olds, and 8 million tourists annually, driving discretionary spending. Hofstatt sees estimated 5 million visitors per year from proximity to attractions like Viktualienmarkt, bolstering categories like apparel and dining. Risks stem from tourism seasonality and economic downturns affecting luxury retail, with footfall potentially dipping 10-15 percent in off-peak periods per market reports.
Tenant Mix and Occupancy
Tenant composition at Hofstatt features international anchors like Abercrombie & Fitch alongside local grocer EDEKA and fitness ELBGYM, creating balanced appeal across fashion (60 percent), essentials (25 percent), and services (15 percent). Occupancy nears 95 percent, consistent with Munich prime retail vacancy of 4.2 percent in 2024, indicating stable demand. Drawbacks include apparel oversupply vulnerable to online shifts, potentially leading to turnover in weaker performers amid evolving consumer focus on experiential retail.
Rent Levels and Competition
Leasing rates at Hofstatt range €180-€280 per square meter annually, reflecting premium positioning but moderated by post-pandemic stabilization. Competition arises from nearby Neuhauser Strasse (20 million pedestrians yearly) and larger malls like Riem Arcaden (118,000 square meters GLA), pressuring mid-market tenants. Accessibility via multiple transit options aids performance, yet parking limitations and congestion in high-traffic zones may hinder logistics and customer convenience during events.
Building Details
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City Snapshot
Munich
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City Snapshot
Munich
Comprehensive market intelligence for retail expansion in this city
