The Real Estate Market Report is based on the know-how of our experts. Do you have a question? Would you like an up-to-date assessment of yields, the residential or office market? Contact the specialists at CSL Immobilien - we are at your service.
„Another year where we were mistaken. Contrary to the expectations of many stakeholders, who expected yields to stagnate, in 2021 net initial yields once again fell in most asset classes, sharply in some cases."
Yonas Mulugeta
CEO, Director/Partner
‚‚The differences between micro-locations continue to increase. Precise positioning is the key to success in project development and marketing."
Copyright:
The contents of the entire website are protected by copyright. Any use that goes beyond the intended use is not permitted without the express written consent of CSL Immobilien AG.
Content of the website:
The contents of our website are carefully compiled and published to the best of our knowledge. We make no representation about the accuracy, reliability or completeness of our site content. We reserve the right to change or delete the page content without prior notice.
Disclaimer:
We assume no liability for damages incurred by a user or a third party in connection with the use of the information provided on our pages.
Glossar
METHOD
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 2021.
The investor survey comprised 31 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 100 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 40 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 25 million. Class A residential building:
Good district of a major city, fully let, condition as new, investment volume approx. CHF 30 million. Class B residential building:
Larger localities or regional centres (e.g. Aarau), fully let, good condition, investment volume approx. CHF 20 million. Class C residential building:
Rural areas in economically strong agglomerations (e.g. Zurich Highlands), fully let, good condition, investment volume approx. CHF 10 million. Class D residential building:
Rural areas (e.g. Glarus, Uri), fully let, older property, investment volume approx. CHF 5 million.
OFFICE AND RESIDENTIAL MARKET DEFINITIONS
Agglomeration, region:
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. Residential market vacancy rate:
Figures according to the Federal Statistical Office as of 1 June 2021. 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 2020 to 2021. 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.
Datenschutz
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.
This website uses Google Analytics, a web analytics service provided by Google Inc. "Google Analytics uses "cookies", which are text files placed on your computer, to help the website analyze how users use the site. The information generated by the cookie about your use of the website (including your IP address) will be transmitted to and stored by Google on servers in the United States. Google will use this information for the purpose of evaluating your use of the website, compiling reports on website activity for website operators and providing other services relating to website activity and internet usage. Google may also transfer this information to third parties where required to do so by law, or where such third parties process the information on Google's behalf. Under no circumstances will Google associate your IP address with other Google data. You may refuse the use of cookies by selecting the appropriate settings on your browser, however please note that if you do this you may not be able to use the full functionality of this website. By using this website, you consent to the processing of data about you by Google in the manner and for the purposes set out above.