Stuttgart: Investment market with new record – office leases down


Stuttgart’s commercial property investment market delivered a record year in 2018. E&G Real Estate counted about 75 investment transactions, a good two-thirds of them in the two and three digit range. This boosted the transaction volume from about €1.42bn in 2017 to an impressive €2.34bn. The largest deals were the Allianz Campus, the Uhland-Carré, and the SI-Centrum. This year, the volume will probably fall short of €2bn due to lack of product, E&G expects. Office space take-up was already slowed in 2018 by a lack of available property, coming in at 218,000 sqm. That is 19 % less than 2017 and also falls short of the ten-year average of about 255,000 sqm. Due to the lack of new construction and subsequent low number of leases in the high-priced segment, top rents dropped from €24.30 to €23 /sqm/month. E&G is not expecting the situation to ease, as very few new spaces will be put on the market over the next three years.

TD Premium

Subscribers to our premium service have access to this article in full as well as to an additional 510,000+ news items: all filterable by topic, company, asset class, city or keyword. In TD Premium you can search for investment deals, leases, current project developments and company news with pinpoint accuracy.

TD Premium is Germany’s leading property information tool that interconnects news, transactions, project data, market and company information in a unique and flexible system.