Following a period of subdued turnover, the logistics and industrial real estate market in Stuttgart developed remarkable momentum in the first half of 2026. Total take-up reached 129,500 m², of which 118,100 m² or 91% comprised warehouse space. This represents an increase of 191% compared to the same period last year, corresponding to a rise of 77,550 m² and almost a threefold increase on the previous year's figure. The current five-year average for warehouse space of 86,530 m² was exceeded by 36%. Office space contributed 10,600 m² (8%) to the total take-up, and mezzanine space 800 m² (1%).
The recovery was largely driven by two major deals: a leading automotive company and a manufacturing company secured a combined 45,460 m², accounting for 35% of the total take-up. This development indicates a stabilisation of the market situation. Existing properties dominated leasing activity with 127,000 m² (98%), while new builds on brownfields only accounted for 2,500 m² (2%). It was notable that no owner-occupiers appeared on the market during the reporting period, making the Stuttgart region purely a rental market.
Rental Price Development and Regional Distribution
The prime rent rose to a new peak of EUR 8.70/m² by the end of the first half of 2026. This represented an increase of EUR 0.20/m² or 2% compared to the same period last year and the end of 2025. The five-year average of EUR 8.26/m² was exceeded by 5%. The average rent remained stable at EUR 7.00/m², matching the level of the previous year's half and the end of 2025. Here, the five-year average of EUR 6.68/m² was also surpassed by 5%.
The district of Ludwigsburg was the strongest-performing sub-region with 48,600 m² (38%). A major deal by an automotive company contributed significantly here with 31,720 m² (65% of the regional result). The Rems-Murr district followed with 24,300 m² (19%), with a manufacturing company's deal accounting for 13,740 m² (57% of the sub-region's take-up). The district of Esslingen took third place with 22,500 m² (17%), followed by the district of Böblingen with 21,100 m² (16%). The urban area of Stuttgart achieved 7,700 m² (6%), and the district of Göppingen 5,300 m² (4%).
Sectors and Size Categories
The industrial and manufacturing sector dominated demand with 77,600 m² or 60% of the total take-up. The two largest deals of the half-year fell within this user group, representing a combined 45,460 m² (59% of the sector's take-up). The 'Other' collective group followed with 26,100 m² (20%), while logistics and forwarding reached 21,900 m² (17%). Retail played a minor role with 3,900 m² (3%), of which 3,250 m² was traditional retail and 650 m² was e-commerce.
Large spaces exceeding 10,001 m² returned to the market in the first half of 2026, contributing 45,460 m² or 35% to the total take-up, after no deals in this size category were recorded in the two preceding reporting periods. Spaces between 3,001 m² and 5,000 m² followed with 28,090 m² (22%). The size category from 1,000 m² to 3,000 m² reached 25,600 m² (20%), while spaces between 5,001 m² and 10,000 m² accounted for 21,750 m² (17%). Smallest spaces under 1,000 m² made up 8,600 m² (6%).
- —Take-up: 129,500 m²
- —Prime rent: EUR 8.70/m²
- —Average rent: EUR 7.00/m²
- —Share of existing properties: 127,000 m²
