Report Q4 2025

Investment market Stuttgart

Investmentmarkt Stuttgart

INVESTMENT TURNOVER UP 14% YEAR-ON-YEAR

  • Stuttgart's investment market (including the surrounding area) closed 2025 with a commercial investment volume of around €630 million, which means that the Swabian metropolis can report an increase of 14% compared to the previous year in a geopolitically and economically challenging environment. In contrast to the previous year, there was a slight market upturn in the final quarter, so that this was the strongest with around 39% of the total result. As the number of registered deals has remained almost stable compared to 2024, the average volume per deal has risen slightly to €23 million. Nevertheless, market activity is still rather fragmented. This is confirmed by a look at the 5- and 10-year averages, which are €29 million in each case.

  • Around 22% of the result is attributable to properties that have changed hands within larger portfolios, which means that this market segment has clearly gained in importance compared to the two previous years.

  • Yields have not developed uniformly in the Stuttgart market. While offices have been yielding a constant 4.40% at their peak since the end of 2023, the logistics segment has risen by 25 basis points to 4.50% compared to the end of 2024. The net prime yield for prime retail buildings in the best high street locations has also risen by 10 basis points to 3.95%.

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