At a Glance Q2 2022

Logistics market Stuttgart

Logistikmarkt Stuttgart BNPPRE
155,000 m²
TAKE-UP
+82 %
Q2 22 vs. Q2 21
+86 %
IN COMPARISON TO 10-YEAR
AVERAGE

RECORD RESULT AT THE HALF YEAR

  • The Stuttgart logistics market reports a brilliant take-up of 155,000 m² at the end of the first half-year. The overall good result of the previous year was exceeded by around 82% and the latest performance is clearly above average.
  • The market is characterised by a broad demand, which is underlined by the analysis of demand by sector and size categories. A clear surplus in demand is captured for the entire market area. Large-scale vacancies in stock sector continue to be rare, so that companies are opting for space outside the metropolitan region due to a lack of short-term alternatives. Increasingly, the triangle between Stuttgart, Karlsruhe and Rhine-Neckar is being considered as a potential new location.
  • Although the supply shortage is the market-dominating factor as well as the high construction costs are keeping the prime rent under pressure, it still remains at 7.10 €/m² for the second quarter in a row.

TOP-RESULT FOR LARGE DEALS

  • Big deals accounted for almost 70% of take-up at mid-year, which is not at all typical for the Stuttgart market. Especially large owner-occupier transactions stood out here, above all the 40,000 m² deal concluded by REWE in Bondorf and by Breuninger for 22,000 m² in the district of Ludwigsburg. All contracts beyond 12,000 m² were concluded in the periphery, which impressively underlines the shortage of supply within the core area in this segment.
  • The above-mentioned large deals by REWE and Breuninger made a significant contribution to the above-average performance of retail companies (44 % market share). Various deals between 10,000 and 20,000 m² are responsible for the strong performance of the manufacturing sector, which contributes just under 28 % of take-up.
  • Typical of Stuttgart: the owner-occupier share (53%) is very high by national standards.

SUPPLY BOTTLENECK REMAINS IN THE COURSE OF THE YEAR

OUTLOOK

  • The Stuttgart logistics market is extremely lively. Various factors are interfering, first and foremost the efforts now being made by many companies to restructure their supply chains, to restructure production processes and also to meet changing customer behaviour (keyword: e-commerce). The strong local economy with its broad industrial base is the starting point for the current dynamic development in the logistics market. Accordingly, an annual result above the long-term average is most likely. 
  • The supply bottleneck will remain, as project developments are quickly absorbed and the designation of new sites is often difficult and protracted. Many companies will continue to examine alternative locations in and outside the periphery.
  • Prime rents should continue to rise in the second half of the year.

LOGISTICS MARKET REGION STUTTGART

MAJOR CONTRACTS

40,000 m²
Rewe
Bondorf

22,000 m²
Breuninger
Sachsenheim

17,000 m²
Automobile manufacturer
Schwieberdingen

Download this market report as PDF

All rights reserved. At a Glance is protected in its entirety by copyright. No part of this publication may be reproduced, translated, transmitted, or stored in a retrieval system in any form or by any means, without the prior permission in writing of BNP Paribas Real Estate GmbH. The statements, notifications and forecasts provided here correspond to our estimations at the time when this report was prepared and can change without notice. The data come from various sources which we consider reliable but whose validity, correctness or exactness we cannot guarantee. Explicitly, this report does not represent a recommendation of any kind, nor should it be regarded as forming a basis for making any decisions regarding investment or letting or renting property or premises. BNP Paribas Real Estate can accept no liability whatsoever for any information contained or statements made herein.

Publisher and copyright: BNP Paribas Real Estate GmbH | Prepared by: BNP Paribas Real Estate Consult GmbH | Status:: 30.06.2022
Further Information: Christopher Raabe, Head of Logistics & Industrial | Phone +49 (0)40-348 48-0
Photo credits: Adobe Stock / Aleksei; Zixp@ck; Oliver Schöning