TAKE-UP IN LINE WITH LONG-TERM AVERAGE
The Stuttgart logistics and warehouse market achieved a take-up of 72,000 m² in the first half of the year. This is roughly at the level of the long-term average. Compared to the previous year, however, this figure declined by around 31 %. This is due to two main reasons: On the one hand, last year's result was extremely positive, and on the other, large contracts of more than 8,000 m² contributed around 90,000 m² to the result last year. In the first half of 2019, the equivalent figure so far is only 29,000 m². In addition to the usual fluctuations in the number of major contracts concluded, which are not signed to the same extent every year, this also reflects the very low supply of large new buildings. As in other locations, this situation is increasingly a limiting factor for the achievable take-up in Stuttgart. Among the few larger deals were 8,000 m² from Medi1one medical in Fellbach and 4,800 m² in Frickenhausen from Farasis Energy Europe.
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