Of this, 118,100 sq m, or 91%, was attributable to warehouse space. Compared with the same period of the previous year, this represented an increase of 77,550 sq m, or 191%, and therefore almost three times the prior-year figure. At the same time, the current five-year average for warehouse space of 86,530 sq m was exceeded by 36%. Office space contributed 10,600 sq m (8%) to total take-up, while mezzanine space accounted for 800 sq m (1%).

The two largest leases in the first half of the year made a substantial contribution to the recovery. A leading company from the automotive sector and a manufacturing company together accounted for 45,460 sq m, or 35%, of total take-up.

Joel Adam, Managing Director of Realogis Immobilien Stuttgart GmbH, commented: "The Stuttgart market is expected to stabilise further in the second half of 2026. Demand remains selective, but is increasingly supported by a broader mix of sectors comprising manufacturing, technology-oriented companies and adjacent production and development-related activities. The region's high level of industrial expertise, innovative strength and robust SME structure provide a stable foundation for this."

Rents: Prime rent reaches new record high
Prime rent rose to €8.70/sq m at the end of the first half of 2026, setting a new record high. Compared with the same period of the previous year and year-end 2025, this represented an increase of €0.20/sq m, or 2%. The five-year average of €8.26/sq m was exceeded by 5%.

Average rent remained stable at €7.00/sq m, matching the level recorded in the prior-year period and at the end of December 2025. The five-year average of €6.68/sq m was exceeded by 5%.

Deals: Two leases accounted for more than one third of total take-up
The two largest lettings in the first half of the year totalled 45,460 sq m, representing 35% of total take-up. A leading company from the automotive sector leased 31,720 sq m of existing space in the Ludwigsburg district. A manufacturing company leased a further 13,740 sq m in the Rems-Murr district, also in existing space. Both leases were attributable to the Manufacturing sector.

Property types: Existing space shaped the market
Existing space almost entirely determined leasing activity, accounting for 127,000 sq m, or 98%, of total take-up. New-build space on brownfield sites contributed just 2,500 sq m (2%). No leases were recorded in new-build space on greenfield sites. Owner-occupiers did not feature, meaning the Stuttgart region has so far been a purely tenant-driven market this year.

Regions: Ludwigsburg takes the lead
The Ludwigsburg district was the strongest submarket by take-up, with 48,600 sq m, or 38%. This was largely due to the major lease signed by a leading company from the automotive sector, which alone accounted for 31,720 sq m (65%) of the regional result.

The Rems-Murr district followed in second place with 24,300 sq m (19%). There, the lease signed by a manufacturing company contributed 13,740 sq m (57%) to the submarket's take-up. The Esslingen district ranked third with 22,500 sq m (17%). The Böblingen district followed close behind with 21,100 sq m, or 16%. The city of Stuttgart accounted for 7,700 sq m (6%), while the Göppingen district contributed 5,300 sq m (4%).

Sectors: Manufacturing drove take-up
Manufacturing dominated demand with 77,600 sq m, or 60%, of total take-up. The two largest leases of the half-year were attributable to this user group and together accounted for 45,460 sq m (59%) of sector take-up.

The collective category Supply/Others followed in second place with 26,100 sq m, or 20%. Logistics/Distribution reached 21,900 sq m (17%). Retail/Wholesale played a minor role with 3,900 sq m, or 3%. Within this segment, traditional retail accounted for 3,250 sq m (83%), while e-commerce totalled 650 sq m (17%).

Size categories: Large-scale units revive take-up
Large-scale units of 10,001 sq m and above made a strong return to the Stuttgart market in the first half of 2026. After no leases had been recorded in this size category in the two previous reporting periods, it reached 45,460 sq m, or 35%, of total take-up.

Units ranging from 3,001 sq m to 5,000 sq m followed with 28,090 sq m and a market share of 22%. The 1,000 sq m to 3,000 sq m size category reached 25,600 sq m (20%). Units ranging from 5,001 sq m to 10,000 sq m accounted for 21,750 sq m (17%). Small units below 1,000 sq m totalled 8,600 sq m (6%).

Key figures at a glance

• Take-up: 129,500 sq m
• Prime rent: €8.70/sq m
• Average rent: €7.00/sq m
• Existing space: 127,000 sq m | Brownfield sites: 2,500 sq m | Greenfield developments: 0 sq m
• Tenants: 129,500 sq m | Owner-occupiers: 0 sq m

Press contact REALOGIS:
TARGA Communications
Jochen Goetzelmann and Arne Degener
Tel: +49 (151) 196 933 90
E-Mail: realogis@targacom.de

Company contact REALOGIS:
REALOGIS Holding GmbH
Silja Schuppler
Marketing Manager
Leopoldstraße 154, 80804 Munich
Phone: +49/89/51 55 69 17
E-mail: s.schuppler@realogis.de
www.realogis.de

REALOGIS. The No. 1 in industrial and logistics real estate
The REALOGIS Group is Germany's leading address for consulting and brokerage services for industrial and logistics real estate as well as commercial properties. As an owner-managed company with offices in Berlin, Düsseldorf, southern and northern Germany, Frankfurt am Main, Hamburg, Leipzig, Munich and Stuttgart, the company, founded in 2005, has in-depth market knowledge and more than twenty years of experience in the German real estate sector.

Around 70 employees support national and international companies from the logistics, industrial, retail and e-commerce sectors, as well as private and institutional investors. The range of services includes finding tenants for existing and new-build properties, supporting investors with acquisitions and project developments, advising on property searches or sales, and developing and implementing holistic real estate strategies, from location analysis to the utilisation of assets no longer required for business operations.