Office Leasing
The Stuttgart office leasing market got off to a lively start in 2022, recording the second-best Q1 result of the past 20 years with roughly 87,900 sqm in take-up. This excellent result can primarily be attributed to 4 large-scale deals featuring over 5,000 sqm combined with substantial leasing performance, bringing in a total of 62 deals and matching prepandemic levels. Vacancy, which remains low, rose 40 bps in Q1.
Investment
With roughly €529m in transaction volume, the Stuttgart investment market recorded an above-average Q1 2022 result. This can primarily be attributed to Canadian investor Brookfield’s acquisition of a majority share in alstria Office Reit AG and its German office portfolio, which includes a number of office assets in Stuttgart.
