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Raw data collected by Meta-Sys AG, processed and analysed by CSL Immobilien AG and verified and substantiated via representative samples. The effective date for assessing supply levels is 1 November 2020.
The investor survey comprised 34 personal interviews as well as online questionnaires and additional enquiries with promoters of trade and industry and regions.
Data from third-party providers: statistical offices of the cantons of Zurich, Basel-Land, Basel-Stadt, Bern, Geneva and Vaud as well as the City of Zurich and the Federal Statistical Office.
The text commentary is also based upon internal enquiries and the experiences of the staff of CSL Immobilien AG.
INVESTMENT MARKET DEFINITIONS
Class A office property:
Major city, CBD, airport/main train station within 15 min., prestigious office address, fully let, rent appropriate for the market, minimum five-year lease term, investment volume approx. CHF 60 million. Class B office property:
Major city, airport/main train station within 30 min., B location, fully let, rent appropriate for the market, minimum five-year lease term, investment volume approx. CHF 25 million. Class C office property:
Economically strong agglomeration, airport/main train station within 60 min., locally known address, fully let, rent appropriate for the market, minimum five-year lease term, investment volume approx. CHF 15 million. Logistics property:
Industrial area of a medium-sized city, close to motorway connections, fully let, market-rate rent, minimum five-year lease term, investment volume approx. CHF 22 million. Class A residential building:
Good district of a major city, fully let, condition as new, investment volume approx. CHF 15 million. Class B residential building:
Larger localities or regional centres (e.g. Aarau), fully let, good condition, investment volume approx. CHF 18 million. Class C residential building:
Rural areas in economically strong agglomerations (e.g. Zurich Highlands), fully let, good condition, investment volume approx. CHF 12 million. Class D residential building:
Rural areas (e.g. Glarus, Uri), fully let, older property, investment volume approx. CHF 8 million.
OFFICE AND RESIDENTIAL MARKET DEFINITIONS
Geographical definition according to the Federal Statistical Office (agglomeration, MS region). Office market supply:
Office space offered on the market and available within six months. Advertising duration:
Median number of days for which a property is online. Cumulative transaction volume:
Analysis based on data from Real Capital Analytics (RCA) as of 20 January 2021. “All segments” includes the following types of use: office, industrial/commercial, retail, hotel, and residential. Residential market vacancy rate:
Figures according to the Federal Statistical Office as of 1 June 2019. Market areas, CBD:
Geographical definition of market areas and the CBD (Central Business Districts) in the office market by CSL Immobilien AG. Rents:
Net rents as quoted in the market. Office market rents comprise a variety of fit-out standards. Rental range:
Spectrum of rents, or the 0.1 and 0.9 quantile. Net initial yield:
Median, net income (rental income minus loss of rent, owner’s operating costs and maintenance costs) as a percentage of the transaction price. Based upon SIA D 0213. Change on previous year:
Percentage change in the absolute supply from 2019 to 2020 Greater (e.g. Zurich):
All market areas relevant for the office market and residential market, defined by CSL Immobilien AG. Revised and expanded for 2019 and 2021.
All data will only be used for the stated purposes and will not be passed on to uninvolved third parties. All published content is protected by copyright and other protective laws and may not be copied, distributed or modified for commercial purposes without express permission.