Office Market Profile Stuttgart | 1st quarter 2020 Published in April 2020 Stutt gart Development of Main Indicators Below-average start to the year At the beginning of the year, the Stuttgart off ice letting market saw its volume of take-up fall by 61% to 33,100 sqm compared to the corresponding period last year. This result is around 57% below the fi ve-year average of fi rst quarters, but the number of deals is similar to that recorded in the same period last year. This is because many large users have already secured space with long lease terms and is also due to the low supply of available larger premises. As a result, the < 500 sqm size category was the most popular, accounting around 41% of the take-up result. On the supply side, all of for around 70% of transactions. The largest transaction was the approx. 5,500 sqm of the off ice space completed in the concluded by the fl exible off ice space provider REGUS with fi rst quarter was already occupied and therefore no new almost 2,800 sqm in the peripheral Leinfelden-Echterdingen off ice space was released onto the market. Despite a slight submarket. With a share of around 34%, the City submarket drop in the volume of vacancies, the vacancy rate remains at recorded the highest volume of take-up and accounted for 2.3% and the prime rent is unchanged at €24.50/sqm/month. around half of all deals. Vaihingen-Möhringen followed with around 23%. The most active demand group by far was business-related service providers who were responsible for Stuttgart: Off ice Space Market Areas with Rental Bands (€/sqm/month) Stuttgart: Office Space Market Areas with Rental Bands (€/sqm/month) JLL Research 2020/Q1 Neuwirtshaus Stammheim Neustadt Rems-Murr-Kreis Korb Hirschlanden Mühlhausen Korntal-Münchingen Zuffenhausen € 10.00-16.50 Ditzingen Zuffenhausen Waiblingen Kleinheppach Münster Weilimdorf Beinstein Hoefingen Gebersheim Weilimdorf Bad Cannstatt Fellbach Rutesheim € 11.00-16.50 Feuerbach Stuttgart Weinstadt € 11.00-19.00 Remshalden Kernen im Remstal Bad Cannstatt A 8 A 81 Gerlingen Stuttgart-North Leonberg Feuerbach € 15.00-20.00 € 13.50-19.50 Stetten Stuttgart-Nord Untertürkheim im Remstal Schnait Botnang City Stuttgart-Ost Unter-Obertürkheim/ Struempfelbach Wangen-Hedelfingen Stuttgart-West Stuttgart-West € 15.50-24.50 Obertürkheim € 10.50-16.50 € 15.00-20.00 Mitte Stuttgart-East Wangen Warmbronn € 10.50-18.00 Stuttgart-South Stuttgart-Süd € 10.50-17.00 Hedelfingen Magstadt Degerloch Sillenbuch Vaihingen Degerloch A 8;A 81 € 10.50-20.00 Esslingen Vaihingen-Möhringen am Neckar Hoffeld € 13.50-20.00 A 831 Ostfildern Möhringen Birkach Kemnat A 8 Fasanenhof Sindelfingen € 11.50-18.00 Plieningen Plochingen € 9.00-11.00 Plieningen A 81 Leinfelden-Echterdingen A 8 Dagersheim € 11.00-19.00 Denkendorf Böblingen Wernau Neuhausen Leinfelden-Echterdingen Stuttgart (Neckar) auf den Wendlingen Bernhausen Fildern am Neckar Off ice Market Profi le | 1st quarter 2020 Stutt gart Contacts Contact Berlin Stephan Leimbach Helge Scheunemann Gerald Dietzold Head of Office Leasing Germany, Head of Research Germany Senior Team Leader Office Leasing Member of the JLL Strategy Board +49 (0) 40 350011 225 +49 (0) 30 203980 144 Germany [email protected] [email protected] +49 (0) 69 2003 1245 [email protected] Contact Düsseldorf Contact Frankfurt Contact Hamburg Martin Becker Markus Kullmann André Hoffmann Senior Team Leader Office Leasing Regional Manager Frankfurt Senior Team Leader Office Leasing +49 (0) 211 13006 600 +49 (0) 69 2003 1062 +49 (0) 40 350011 352 [email protected] [email protected] [email protected] Contact Cologne Contact Munich Contact Stuttgart Andreas Reul Fritz Maier-Hartmann Sebastian Treier Team Leader Office Leasing Senior Team Leader Office Leasing Team Leader Office Leasing +49 (0) 221 2775 45 +49 (0) 89 290088 139 +49 (0) 711 900370 36 [email protected] [email protected] [email protected] 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..