HIGH MOMENTUM IN THE SMALL-SCALE SEGMENT, BUT STILL NO MAJOR DEALS
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The Stuttgart logistics market has not yet been able to gain momentum in the first half of 2025, as it continues to lack economic tailwind, as is the case in other German logistics hubs. In addition, the uncertainties surrounding global trade and tariffs conflicts were particularly noticeable in the Stuttgart market area with its strong automotive industry, dampening local demand for logistics space.
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After a moderate start to the year with small-scale deals dominating take-up (25,000 m²), this trend continued in the second quarter (19,000 m²). No contracts exceeding the 5,000 m² mark have been recorded to date. With a result of
44,000 m², the previous year’s take-up was missed by around 25% and the 10-year average by 44%. -
The first half of the year was characterised by demand for inner-city and suburban locations. However, due to the current shortage of supply, it is not always possible to meet the demand for central locations, meaning that a large proportion of take-up is realised in the periphery.
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Vacancy is particularly low where demand is highest, namely for small logistics units close to cities and for large, well-connected new-build space. Accordingly, prime rents remain under pressure but are currently unchanged at €8.50 per sqm. The average rent stood at a steady €6.50 per sqm in the second quarter.