MARKET DOMINATED BY SMALL-SCALE DEALS
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The Stuttgart market for warehouse and logistics space is characterised by high momentum in the small-scale space segment in the current year. However, since there has been a lack of deals beyond the 5,000 m² mark so far, take-up by the end of September was at a relatively low level of 61,000 m². This means that the interim result is almost a third below the figure for the same period of the previous year and also remains well below the long-term average of 120,000 m².
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The continued weak economic development in Germany is noticeable on the Stuttgart logistics market. In addition, the ongoing uncertainty around the global trade and customs conflicts is also having a dampening effect on demand for large-scale logistics space. Logistics demand from the important segment of the automotive industry is currently particularly sluggish. However, while the number of registered contracts is certainly at a high level, this is not reflected in a corresponding take-up volume due to the predominantly small space sizes.
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Against the backdrop of the persistently tense supply situation, prime and average rents have remained stable. Since the beginning of the year, the prime rent has been quoted at €8.50 per sqm and thus at the high level of Frankfurt, Hamburg and Düsseldorf. The average rent in the Stuttgart market has been €6.50 per sqm since the first quarter of 2025.