GOOD START INTO THE NEW YEAR
The Stuttgart market for logistics and warehouse space has started the new year with an excellent result and reports an above-average outcome (+42%) with a take-up of 49,000 m². In comparison to the same quarter of the previous year, there was an increase of a good 44%. This result underlines the continuing strong demand, which is based in particular on the economic strength of the region and new drivers such as e-mobility and e-commerce. Demand even significantly exceeded supply. The focus of users is particularly on existing properties available at short notice with more than 3,000 m² and modern equipment quality, although these are very rare in the entire market area, so that not all requests were met in the first quarter. Of particular importance for the Swabian metropolis were new buildings by owner-occupiers, who were responsible for three of the four largest deals. Consequently, the take-up does not yet reflect the effects of the corona crisis. At present, it is not possible to make a prediction about the impact of COVID-19 on the demand side.
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