TAKE-UP ACCELERATES AND EXCEEDS PREVIOUS YEAR
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Take-up in the Stuttgart warehouse and logistics market picked up significantly in the fourth quarter and totaled 136,000 sqm by the end of 2025. This result is 13% above the previous year's figure, but remains 29% below the ten-year average. While the first three quarters were characterised by lively momentum in the small-scale segment up to 5,000 sqm yet relatively low take-up overall, the number of recorded contracts increased noticeably in the final quarter. As a result, the fourth quarter alone accounted for more than half of the annual total. However, no contract exceeded the 10,000 sqm mark in 2025.
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In this context, it must be taken into account that the supply within the Stuttgart market area is insufficient in existing buildings and in project developments, especially in the large-scale segment. In consequence, some occupier requests can only be met outside the market area. In addition, due to the overall weak economic development, a certain reluctance on the demand side is noticeable, especially for larger premises. This holds true especially for the strong manufacturing sector and its important automotive sector in the Stuttgart region.
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The significant shortage of supply has led to rising rents, with prime rents now at €8.70 per sqm (+5%) and average rents at €6.80 per sqm (+9%).