The 2016/2017 Stuttgart office market report

22 I Stuttgart – Central
Weilimdorf
Weilimdorf < 500 m 2 501 - 1,000 m 2 1,001 - 2,000 m 2 2,001 - 5,000 m 2 > 5,001 m 2
% share of space 8 % 12 % 3 % 0 % 77 %
m 2 2,531 3,905 1,096 0 25,596
Ø rental price 10.50 €/m 2
Prime rent 11.50 €/m 2
In 2016 the final 20 % of the space
formerly occupied by Ernst & Young
was taken up by a health insurance
company, meaning that the district’s
vacancy rate (currently approx.
20,000 m²) has remained stable at the
level prior to Ernst & Young’s relocation.
The “WEILIMPARK” initiative,
launched in 2012, has thus demonstrated
a positive effect, preventing a
long-term, dramatic increase in vacant
space in the area. Completion of
the 21,000 m² expansion of Vector’s
company premises also demonstrates
how another area of the industrial
park is being transformed into
a service sector site. The complete
re-letting of the M+W building at
Lotterbergstrasse, comprising 15,000
m² of office space and a further
10,000 m² of manufacturing space,
is a development which was not registered
by the market. Weilimdorf is
also starting to see developers once
again begin to purchase plots with a
view to constructing new buildings
on them. In the last two years in particular
Weilimdorf has shown itself
to be a popular location for the office
space needs of industrial companies.
Eastern Stuttgart – progress at Neckarpark and Löwentor.
Bad Cannstatt
The starting signal has been given
for the “Neckarpark” project. After
the city has realized the central park,
DIBAG’s first commercial buildings
are scheduled from early 2018 onwards.
Over the coming years DIBAG
will construct approx. 43,000 m² of
office space on the site. Some 50 %
of this space is under negotiation
or has already been sold to an owner-occupier.
In 2016 a further approx. 5,000 m² of
office space at the Cannstatter Carré
Bad Canstatt/
Wangen/Hedelfingen
< 500 m 2 501 - 1,000 m 2 1,001 - 2,000 m 2 2,001 - 5,000 m 2 > 5,001 m 2
% share of space 8 % 11 % 3 % 12 % 66 %
m 2 3,441 4,859 1,464 5,330 30,406
Ø rental price 10.50 €/m 2
Prime rent 12.50 €/m 2
complex was let to a variety of users.
The majority of contracts concluded
were for spaces from 501 to 1,000
m². Tenants were from the health
care sector or were public institutions.
In 2016 a number of larger transactions
were also completed in the
Löwentor area, which, while it is
an administrative subdistrict of Bad
Cannstatt, is actually located directly
adjacent to the Pragsattel area. A
The “Neckarpark” project in eastern Stuttgart; source: DIBAG