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Property Market Switzerland 2017 I 1 by WuestPartner

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Commercial market

• The expected growth in employment should have a somewhat positive impact on demand for office premises.

• Recently the supply of offices has somewhat reduced, which has led to a more stable market equilibrium. However, major construction projects that are underway will increase the available space and this could exert renewed pressure on supply.

• Consequently, owners of offices will still have to work hard to market their premises, including offering rental concessions when letting or re-letting their properties.

• The situation on the market for retail space remains tense. The sector is undergoing a rapid transformation, with online shopping gaining ever more traction.

• When marketing retail space, it is vital to have a usage concept that is adapted to specific target groups. Wüest Partner anticipates that rents will continue to fall this year.