Summary and analysis of Stuttgart's current office real estate market conditions.
Insight
Stuttgart Office Market Dynamics, Q1 2025
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In Stuttgart, a leasing result of 42,000 sq.m. of office space was achieved in the first quarter of 2025, corresponding to a decrease of 24% compared to the same quarter of the previous year. Compared to the 10-year average for first quarters, there is a decline of 34%.
At the end of the first quarter, around 505,000 sq.m. of office space is available in Stuttgart in the short term, which is 9% more than a year ago. The vacancy rate in Stuttgart currently stands at 5.5%.
Regarding the prime rent, there has been no change in Stuttgart at the start of the year, remaining unchanged at €37.00/sq.m./month. The average rent has decreased due to the lack of high-priced deals and stands at €21.72/sq.m./month.