FURTHER INCREASE IN TAKE-UP
The Stuttgart market for logistics and warehouse space has been able to increase take-up for the third time in a row in the first three quarters. With a total of 148,000 m² the 150,000 m² mark is missed by a hair's breadth. It is evident that the enormous economic strength of the region is reflected in a high demand for logistics space, with the automotive industry to be mentioned first. Especially the transition to electromobility, which generates additional space demand, has an impact here. Therefore, Daimler accounts for by far the largest deal, occupying 42,000 m² of production space in Waiblingen. Compared to the previous year, the shortage of space has become even more acute. Approximately 42% of take-up is attributable to new buildings, only half as much as in the third quarter of 2018. Especially at established logistics locations such as Stuttgart, Böblingen, Sindelfingen or Esslingen, there are hardly any larger new constructed properties available, not least because local authorities are relatively reluctant to designate additional land for logistics purposes.
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