Retail City Profile
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Retail City Profile Stuttgart | Full year 2017 Published in September 2017 Retail Market Stuttgart Prime rent currently at €270/sqm p.m. Königstraße reaches nearly 7,500 passers-by per hour Tourist destination recording 3.7 million overnight stays per anum Overview of prime retail location(s) S ®U Heg els H tra e ße g e l p l e e a traß ß t gs z r stra sbe Kernerviertel erg Krieg enb Ros Galeria Kaufhof W Hauptbahnhof Sch ille rstr Universität aße e ß a r t s n e t r a g z l Bau e Königsbau Passagen e o ß ß H a a 1 r r t t s S h - c Müller r ® i e U r u B d e a ü i W n r c e F h S d s A e - n Opernhaus d s a r t ße r stra n a loß ch o ß S W K e i ll i- B le ic h e Oberer r- e e ®U S tr aß ®U ®U Schlossgarten e aß ß r a t tr s -S s g s i u e n H r- ö o d K o e h T ®U P Neue Vorstadt lan F ie r itz -E ls as S -S ti tr ft aß st e raß S STUTTGART S ch e Markthalle ul ®U st ra ße C ha rlo tte ns tra Breuninger ße ®U Rathaus e e raß ß hlst a Galeria Kaufhof tebü r Ro st n W e ri Lidl ®U a ®U M To e rs aß P tr tr a Das Gerber a S ß r u e e lin tt Stuttgart-West e tä ns s tr H au p t aß e Heusteigviertel S Dobel e raß gst bur ins Das Gerber Allianz Re Einzelhandel / Retail Einkaufzentren /Shopping Centres 1a-Lage / Highstreet S Shopping Center / Shopping Centre W Warenhaus / Department Store OpenStreetMap & Contributors, JLL Research 2017 Retail City Profile Stuttgart | September 2017 2 Demographic data and retail figures Demographic data Retail figures Ranking* Ranking* Population as per January 01, 2016 623,738 6 Retail-relevant purchasing power index 2017 Population trend 2012-2016 (in %) +1.2 – per inhabitant 106.4 4 Number of visitors 2016 Purchasing power index 2017 per inhabitant 111.8 4 (overnight reservations) 3,706,017 8 Retail sales index 2017 per inhabitant 132.8 9 Number of employed persons Centrality index 2017 124.8 8 as per June 30, 2016 396,516 6 Chain store penetration ratio 2016, Employment trend 2012-2016 (in %) +10.2 – total prime location (%) 70.1 – Unemployment rate 2016 Strongest pedestrian traffic Ø per hour (annual average in %) 5.3 – Place of counting: Königstraße 14 Saturday, May 06 2017 from 1.00 p.m. to 4.00 p.m. 7,455 13 Business tax per inhabitant 2015 (in Euro) 748 11 Rent in prime location 100 sqm retail store 2017** (in Euro/sqm) 270 6 Rent in prime location 1,000 sqm retail store 2017*** (in Euro/sqm) 110 6 Employment structure by lines of industry 2016 Business sector structure 2016 in prime location ❚ Textiles 30.8% ❚ Shoes/Leather goods 6.8% ❚ Health/Beauty 10.3% ❚ Manufacturing 20.1% ❚ Jewellers 6.0% ❚ Trade/Transport 15.2% ❚ Food/Restaurants, ❚ Business Services 37.6% etc. 18.8% ❚ Public administration 27.1% ❚ Telecommunications/ Home electronics 6.0% ❚ Furnishings/Décor 3.8% ❚ Books/Stationery 1.7% ❚ Sports/Outdoor 2.1% Age structure (population) per 01.01.2016 ❚ Others 13.7% ❚ 0 up to 16 years 13.7% ❚ 16 up to 30 years 20.0% * Ranking among 25 cities, of which JLL Retail City Profiles exist. ❚ 30 up to 50 years 30.6% ** Net rent for a virtual shop, 100 sqm sales space ground floor, without steps and ❚ 50 up to 65 years 17.7% columnfree frontage approximatly 6 m. In case of serveral price levels, the rental of the highest potential street is mentioned. ❚ 65 up to 70 years 4.4% *** Net rent for a virtual shop, 500 sqm of ground level space, ten metres front and ❚ Older than70 years 13.6% 500 sqm in the first floor. Retail City Profile Stuttgart | September 2017 3 Rental price development and value development Rental price development in prime location Value development in prime location Index value 2008=100 Index value 2008=100 Prime rent Stuttgart * Basis: 185 cities Peak value Stuttgart * Basis: 185 cities Development between H1 2007-H1 2017: 28.6 % Development between H1 2007-H1 2017: 38.6 % Average prime rent* Average peak value* Development between H1 2007-H1 2017: 14.6 % Development between H1 2007-H1 2017: 15.2 % Infl ation Infl ation Development between H1 2007-H1 2017: 14.0 % Development between H1 2007-H1 2017: 14.0 % High street prime rent in Stuttgart Multiplier in prime location Stuttgart (in Euro/sqm/month) 2012 235 2012 21.2 0 2013 240 2013 21.7 0 2014 250 2014 21.7 0 2015 250 2015 23.5 0 2016 270 2016 24.8 0 H1 2017 270 H1 2017 24.8 0 Retail City Profi le Stuttgart | September 2017 4 Shopping Centres / Retail Parks S S Möglingen Ludwigsburg A81 Remseck am Neckar Kornwestheim FMZ Waiblinger Korb Tor Korntal- Ditzingen Münchingen Waiblingen F RemsPark Leo-Center Fellbach S STUTTGART Weinstadt Kernen Gerlingen Milaneo S im Remstal S Königsbau Passagen Leonberg S Stuttgart CARRÉ Bad S Cannstatt S Das Gerber Neckar Center SchwabenGalerie F S Esslingen am Neckar S A831 Stern Center Ostfildern Das ES! Breuningerland Sindelfingen S S Sindelfingen City Center Leinfelden- A8 Böblingen Echterdingen Denkendorf SS Böblingen Neuhausen Mercaden auf den Böblingen Fildern Wendlingen am Neckar Schönaich 0 2 4 Filderstadt Holzgerlingen Einkaufszentren / Shopping Centres Stadtgrenze / City Limits S Shopping Center / Shopping Centre Hauptgeschäftszentrum / City Centre F Fachmarktzentrum / Retail Park Dargestellt sind Shopping Center und Fachmarktzentren >=10.000 m² (Vkf) Displayed are Shopping Centres and Retail Parks >=10.000 m² Net Leasable Area (NLA) infas Geodaten, OpenStreetMap and contributers, JLL Research 2017 Retail City Profile Stuttgart | September 2017 5 List of references JLL Research: Business sector structure in prime locations, calculation of chainstore penetration and rental price of the listed streets, overview of prime retail locations, rental price development, value development, shopping centres Regional and Federal Statistics Offices: Population, visitor numbers, business tax, age structure, inflation rate Federal Employment Agency: Persons employed, employment structure, rate of unemployment IFH Retail Consultants: Retail purchasing power index, sales index, centrality index, pedestrian frequency GfK Geomarketing: Purchasing power index EHI-Shopping-Center-Report/German Council of Shopping Centers e.V.: Information about existing and planned shopping centres Consensus Economics: Prediction inflation rate Retail City Profile Stuttgart | September 2017 6 Contacts Jörg Ritter Dirk Wichner Sandra Ludwig Management Board Germany – Retail Head of Retail Leasing Germany Head of Retail Investment Germany Frankfurt Berlin Hamburg tel +49 (0) 69 2003 2316 tel +49 (0) 30 203980 118 tel +49 (0) 40 350011 207 [email protected] [email protected] [email protected] Anke Kaukars Helge Scheunemann Head of Shopping Center Services Head of Research Germany Germany Hamburg Frankfurt tel +49 (0) 40 350011 225 tel +49 (0) 69 2003 1154 [email protected] [email protected] jll.de Information regarding JLL and our services jll.de/research All research reports on current market fi gures and special topics jll.de/research/einzelhandel Request further Retail City Profi les of other cities here jll.de/immo Commercial real estate properties for sale or to let throughout Germany Copyright © Jones Lang Lasalle SE, 2017. No part of this publication may be reproduced or transmitted in any form or by any means without prior written consent of Jones Lang LaSalle. It is based on material that we believe to be reliable. Whilst every eff ort has been made to ensure its accuracy, we cannot off er any warranty that it contains no factual errors. We would like to be told of any such errors in order to correct them..