Industrial Market Profile
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Industrial Market Profile Stuttgart | 4th quarter 2019 January 2020 Industrial Market Profile | 4th quarter 2019 Stuttgart Warehousing Take-up Shortage of space limits take-up result Around 53,000 sqm of warehousing and logistics space larger than 5,000 sqm was taken up in the Stuttgart regi- on* (owner-occupiers and lettings) in 2019, the poorest result of the last ten years. It was around 75% down on the previous year's result (2018: 214,000 sqm) and the five-year average, and was mainly due to the lack of mo- dern space available to let at short notice. There was also a lack of available land for logistics use. The industry sta- tistics were headed by manufacturing companies (traditi- accounted for 72% of total take-up. Significantly less onally the most strongly represented in the region) who space was taken up by retailers (15%) or companies from the distribution/logistics segment (13%). There were no large-scale deals concluded in 2019, unlike the previous Prime Rent ≥ 5,000 sqm year in which Daimler AG leased around 42,000 sqm in a project on the site of a former brickworks in Waiblingen. The largest deal in 2019 was also concluded by a car ma- nufacturer, but for a unit of just 10,000 sqm. The prime rent for warehousing space larger than 5,000 sqm remained stable at €6.80/sqm/month and was achieved in the Stuttgart urban area. At around €6.50/sqm/month, the second highest rent was achieved in the Böblingen and Ludwigsburg submarkets. The lowest rent, of €4.80/ sqm/month, was agreed for warehousing space in Göp- pingen. * The considered market area comprises the cities Stuttgart and Heilbronn as well as the administrative districts Ludwigsburg, Böblingen, Esslingen, Göppingen, Heilbronn and Rems-Murr-Kreis. Industrial Market Profile | 4th quarter 2019 Stuttgart Stuttgart: Industrial Market Areas Heidelberg Leimen Mosbach A 5 Wiesloch A 81 Sinsheim Bad Periphery Heilbronn Rappenau € 4.00 - 5.00 Neckarsulm Öhringen A 6 Eppingen Heilbronn Crailsheim Bruchsal Heilbronn € 4.50 - 6.00 Schwäbisch Hall Bretten Ludwigsburg € 5.00 - 6.50 Mühlacker Bietigheim-Bissingen Backnang Vaihingen an der Enz Aurich Rems-Murr-Kreis Pforzheim Ludwigsburg € 4.00 - 5.50 Winnenden Kornwestheim A 8 Remseck am Neckar DitzingenStuttgart Waiblingen Fellbach Leonberg Stuttgart Weinstadt Schorndorf Schwäbisch € 5.00 - 6.80 Gmünd A 8/81 Esslingen am Neckar Sindelfingen A 831 Calw Ostfildern Göppingen Leinfelden-Echterdingen Böblingen Eislingen/Fils Böblingen Filderstadt Kirchheim Geislingen € 5.00 - 6.50 unter Göppingen Nürtingen an der Teck € 3.50 - 4.80 Herrenberg Steige Esslingen Nagold € 4.50 - 5.80 Altenburg Tübingen Metzingen Horb am Rottenburg Reutlingen Neckar am Neckar Airport Harbour Industrial Market Areas Main Station Market Area Rental Band (Euro/sqm/month) Freight Village € min - max for warehousing space >= 5,000 sqm Industrial Market Profile | 4th quarter 2019 Stuttgart Contacts Frank Weber Helge Scheunemann Head of Industrial Agency Germany Head of Research Germany [email protected] [email protected] +49 (0) 89 290088 110 +49 (0) 40 350011 225 Industrial Agency Berlin Industrial Agency Munich Industrial Agency Leipzig Rahel-Hirsch-Straße 10 Ludwigstraße 8 Petersstraße 12-14 10557 Berlin 80539 Munich 04109 Leipzig [email protected] [email protected] [email protected] +49 (0) 30 203980 0 +49 (0) 89 290088 0 +49 (0) 341 22633 0 Industrial Agency Frankfurt Industrial Agency Düsseldorf Industrial Agency Stuttgart Bockenheimer Landstraße 55 Dreischeibenhaus 1 Kleiner Schloßplatz 13 60325 Frankfurt 40211 Düsseldorf 70173 Stuttgart [email protected] [email protected] [email protected] +49 (0) 69 2003 0 +49 (0) 211 13006 0 +49 (0) 711 900370 0 Industrial Agency Cologne Industrial Agency Hamburg Augustinerstraße 10 Alter Steinweg 1 50667 Cologne 20459 Hamburg [email protected] [email protected] +49 (0) 221 2775 0 +49 (0) 40 350011 0 jll.de Information regarding JLL and our services jll.de/research All research reports on current market figures and special topics jll.de/immo Commercial real estate properties for sale or to let througout Germany Copyright © JONES LANG LASALLE SE, 2020. 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 effort has been made to ensure its accuracy, we cannot offer any warranty that it contains no factual errors. We would like to be told of any such errors in order to correct them. Industrial Market Profile | 4th quarter 2019.