E & G Stuttgart Office Market Report 2018-2019

29 30
STUTTGART IN DETAIL
VAIHINGEN/MÖHRINGEN
Most of the shell of Daimler AG’s new building has been
completed and should, as planned, be ready for handover
to the users in 2020/2021. The second major project, Allianz
AG’s new building, is still at the preparatory stage, with
construction scheduled to commence at the end of 2020.
The first letting contract for the “Neo” office project in
located near the Daimler Campus in Möhringen, comes on
stream. An architectural competition for the project was
initiated in 2018.
While take-up in Vaihingen/Möhringen in 2018 was not
able to match that of previous years, at 26 the number of
transactions is by far the highest achieved by an outlying
The Stuttgart office market -
Take-up in 2018
≤ 10 000 m 2
10 001 to 20 000 m 2
Ruppmannstrasse, which comprises an area of approx. 17
700 m² and was speculatively started in the 2nd quarter
of 2018, has been signed. The tenant is a well-known
submarket. Contracts were evenly distributed across all
size segments, confirming the widespread interest in this
district. Clear variations in rents are due to proximity to the
20 001 to 30 000 m 2
30 001 to 40 000 m 2
Trend
Heilbronn
gym operator, who will be opening a 1 700-m² branch.
Completion of the project is scheduled for the 4th quarter of
2019. Pressure on the market means that full letting of the
S-Bahn suburban railway line. Those areas of Möhringen
which are only connected to the tram network and have
a less pronounced service industry character must thus be
Above 40 001 m 2
Industrial/ office locations
A 81
project can be expected prior to this date. A further project
defined as somewhat weaker overall.
for some 3 500 m², located in the Kupferstrasse, should
STAMMHEIM
begin at the end of 2019, while it should be possible to
A range of construction measures currently taking place
MÜHLHAUSEN
re-let most of the space in the two buildings which have
in the area between Vaihingen and Möhringen will
ZUFFENHAUSEN
become vacant on the Daimler Campus in Möhringen to
users in the creative and automotive sectors.
change its appearance significantly. Full connection of
Breitwiesenstrasse to the key Nord-Süd-Strasse road
A 81
MÜNSTER
It is expected that demand for larger spaces in mint
transport artery is scheduled to be completed in the 3rd
quarter of 2019. In addition to this, the City of Stuttgart’s
Richtung
Singen
WEILIMDORF
FEUERBACH
BAD CANNSTATT
condition in the district can only be satisfied in a few years’
twin budget for 2018/2019 includes modification of
time, when a further development project comprising two
Nord-Süd-Strasse to meet future traffic requirements,
S-NORD
office towers and a total area of 50 000 m² total floor area,
with corresponding planning work already initiated.
S-WEST
BOTNANG
S-MITTE
S-OST
WANGEN
UNTERTÜRKHEIM
OBERTÜRKHEIM
Vaihingen/Möhringen/
STEP
≤ 500 m 2 501 – 1 000 m 2 1 001 – 2 000 m 2 2 001 – 5 000 m 2 > 5 001 m 2
S-SÜD
HEDELFINGEN
% share of space
10 %
19 %
11 %
40 %
20 %
m 2
Ø rental price
Prime rent
3 020
5 738
3 322
12 080
Vaihingen: 12.80 € / m 2 , Möhringen: 11.70 € / m 2
Vaihingen: 15.50 € / m 2 , Möhringen: 12.50 € / m 2
6 040
Richtung
Karlsruhe
A 8
VAIHINGEN
MÖHRINGEN
DEGERLOCH
SILLENBUCH
BIRKACH
Kreuz
A 81
Stuttgart
FASANENHOF
PLIENINGEN
LEINFELDEN-
ECHTERDINGEN
A 8
Richtung
München
MESSE
STUTTGART
FLUGHAFEN
STUTTGART
STUTTGART | 2018/2019 OFFICE MARKET REPORT
STUTTGART | 2018/2019 OFFICE MARKET REPORT