At a Glance Q3 2020

Logistics market Stuttgart

Logistikmarkt Stuttgart


While the half-year result clearly mirrored a below-average takeup due to the massive effects of the lockdown, a slight upward trend was observed in the third quarter. From July to September a total of 36,000 m² of warehouse and logistics space was taken up in the market area, which is comparable e.g. with the third quarters of 2017 and 2018. This brought the total take-up in the first three quarters of 2020 to around 101,000 m² (-32 %), the lowest figure in the last four years. However, if taken into account that no large contract over 20,000 m² has been registered yet, the result is put into perspective. If one considers only the size categories up to 20,000 m², the current take-up is roughly at the same level as last year. In a nationwide comparison, Stuttgart is thus in a similar range to Düsseldorf and Cologne. The largest deals include a 17,500 m² lease from the public sector in Korntal- Münchingen and a 10,600 m² lease from the logistics firm Elflein in Böblingen.

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