Stuttgart’s logistics and industrial real estate market gained significant momentum in the 1st half of 2026. After a prolonged period of low take-up, the REALOGIS Group, Germany’s leading consulting firm for industrial and logistics real estate as well as commercial properties, recorded total take-up of 129,500 m².
Of this, 118,100 m² or 91% was hall space. Compared to the same period last year, this corresponds to an increase of 77,550 m² or 191% and thus almost three times the previous year’s figure. At the same time, the current 5-year average of 86,530 m² of hall space was exceeded by 36%. Office space contributed 10,600 m² (8%) to total take-up, while mezzanine space accounted for 800 m² (1%).
The two largest deals in the first half of the year made a significant contribution to the recovery: a leading company in the automotive industry and a manufacturing company together accounted for 45,460 m² or 35% of total take-up.
Joel Adam, Managing Director of Realogis Immobilien Stuttgart GmbH, comments: “The Stuttgart market is likely to stabilise further in the 2nd half of 2026. While demand remains selective, it is increasingly relying on a broader mix of industries, technology-oriented companies and related production and development areas. The region’s high level of industrial expertise, innovative strength and strong medium-sized economic structure form a stable basis for this.”
Rents: Prime rent reaches new high
The prime rent rose to €8.70/m² at the end of the 1st half of 2026, marking a new high. Compared to the same period of the previous year and the end of 2025, this corresponds to an increase of €0.20/m² or 2%. The 5-year average of €8.26/m² was exceeded by 5%.
The average rent remained stable at €7.00/m² and was thus at the level of the same period last year and at the end of December 2025. The 5-year average of €6.68/m² was exceeded by 5%.
Deals: Two deals combined more than a third of total sales
The two largest lettings in the 1st half of the year totalled 45,460 m² and thus accounted for 35% of total take-up. A leading company from the automotive sector secured 31,720 m² of existing space in the Ludwigsburg district. A production company rented a further 13,740 m² in the Rems-Murr district, also in the portfolio. Both deals were in the industry/production sector.
Types of space: Existing stock shapes the market picture
Existing space almost completely determined the letting activity. They accounted for 127,000 m² or 98% of total take-up. New buildings on former brownfields only accounted for 2,500 m² (2%). Deals in new buildings on greenfield sites were not registered. Owner-occupiers did not appear, so that the Stuttgart Region has been a pure rental market so far this year.
Regions: Ludwigsburg takes over the top position
The district of Ludwigsburg was the sub-region with the highest take-up with 48,600 m² or 38%. The decisive factor was the major financial statement of a leading company in the automotive industry, which alone was responsible for 31,720 m² or 65% of the regional result.
The Rems-Murr district followed in second place with 24,300 m² or 19%. There, the conclusion of a production company contributed 13,740 m² (57%) to the sub-region’s turnover. The district of Esslingen took third place with 22,500 m² (17%). The district of Böblingen was close behind with 21,100 m² (16%). The urban area of Stuttgart came to 7,700 m² (6%), the district of Göppingen to 5,300 m² (4%).
Industries: Industry/production was sales driver
Industry and production dominated demand with 77,600 m² or 60% of total take-up. The two largest deals of the first half of the year were in this user group and together accounted for 45,460 m² (59%) of the sector’s take-up.
The “Miscellaneous” collection group followed in second place with 26,100 m² or 20%. Logistics and freight forwarding accounted for 21,900 m² or 17%. Retail played a subordinate role with 3,900 m² or 3%. Within this segment, 3,250 m² or 83% was accounted for by traditional retail. E-commerce accounted for 650 m² or 17%.
Size classes: Large spaces stimulate sales
Large spaces from 10,001 m² made an impressive return to the Stuttgart market in the 1st half of 2026. After no deals in this size class had been registered in the two previous reporting periods, it now reached 45,460 m² or 35% of total take-up.
Areas between 3,001 m² and 5,000 m² followed with 28,090 m² and a 22% market share. The size class 1,000 m² to 3,000 m² reached 25,600 m² (20%). Areas between 5,001 m² and 10,000 m² accounted for 21,750 m² (17%). The smallest areas of less than 1,000 m² accounted for 8,600 m² (6%).
Key figures at a glance
• Take-up 129,500 m²
• Top rent €8.70/m²
• Average rent 7.00 €/m²
• Existing properties 127,000 m² | New building on brownfield 2,500 m² |
New building on a greenfield site 0 m²
• Tenants 129,500 m² | Owner-occupier 0 m²
