The 2016/2017 Stuttgart office market report

24 I Stuttgart – Central
The “TSS Innovation Center” project in Stuttgart Vaihingen; source: Bülow AG
Fasanenhof
An upturn was already being forecast for
Fasanenhof’s industrial park some years
ago and has now occurred. In 2016 over
19,000 m² of space was thus let; exceptional
performance seen in terms of the
10-year average of 6,900 m². The majority
of take-up was in one completely
renovated property, namely the
DO.T building (Design Office Tower).
In 2015 “Design Offices” moved into
this building to commence operation
of the first co-working centre at a
location outside of Stuttgart’s central
business district, where it also operates
a centre. The clear success of the
Fasenhof centre led the company to
rent additional space in the building
in 2016.
Public amenities, including a gym,
restaurants and bars and local shops,
have also improved significantly
thanks to the substantial increase in
office user numbers. Two further hotels
in the 2- to 3-star segment, whose
construction is planned in the next
24 months, will ensure the required
supply of accommodation facilities.
In 2016 GFT, an IT sector company,
completed its new building for startup
companies. The obvious need for
more office space for start-up companies
has resulted in GFT further
expanding the space it offers by an
additional 10,000 m². The “Campus
Fasanenhof” development project
with approx. 14,000 m² of office space
has now achieved a stage of maturity
which will enable construction to begin
in 2017.
Vaihingen/Möhringen und
STEP
Changes at the Vaihingen/Möhringen
industrial park are now very apparent.
The extended light rail transit system
went into operation in 2016 and modernization
of public areas was also
completed. Book wholesaler KNV moved
into its newly built headquarter
building in August 2016 and all the
old buildings on the former KNV site
have now been demolished. The new
owner, Daimler AG, will begin construction
of a new office campus in
2017. The project volume is expected
to be in the range of approx. 75,000
m².
Parallel to Daimler AG’s decision another
user also decided to locate in
Vaihingen – Allianz AG will be building
a 120,000 m² office complex on a
site which it formerly used as a sports
Vaihingen/
Möhringen/STEP
ground, with completion scheduled
for 2020. In all it is expected that some
9,000 to 10,000 new jobs will be created
at the “Synergie Park” site. In order
to address the related transportation
challenges in good time, extensive
studies and discussions were conducted
in 2016. In addition to short-term
measures in the area itself, the widening
of Nord-Süd-Strasse is planned
as the main access road to the site.
In total some 111,000 m² of space was
let or occupied by owner-occupiers in
the Vaihingen/Möhringen district in
2016. A further new building is currently
under construction at Stuttgart
Engineering Park (STEP), STEP Building
8.3. As already repeatedly the
case at STEP in the past, more than
50 % of the new building’s space had
already been let before construction
commenced. Completion is scheduled
for early 2018. In 2016 new contracts
for a total of approx. 31,000 m²
of space were concluded at STEP, the
majority of which related to re-letting
of the former “Debitel Tower”, STEP
Building 6.
< 500 m 2 501 - 1,000 m 2 1,001 - 2,000 m 2 2,001 - 5,000 m 2 > 5,001 m 2
Ø rental price 4 % 14 % 6 % 12 % 64 %
m 2 5,661 20,172 7,841 16,671 90,855
Ø Mietpreis Vaihingen: 13.10 €/m 2 , Möhringen: 10.30 €/m 2
Prime rent Vaihingen: 14.00 €/m 2 , Möhringen: 13.50 €/m 2