CBRE Switzerland publishes office market reports for Q4 2017
With a total of 591,000 sq m at the end of 2017, the availability of office space in Basel, Berne, Geneva, Lausanne and Zurich remained stable compared to Q2 2017 (586,000 sq m). The availability rate amounts to 3.4% for the five cities together, whereby the highest value can be reported for Geneva (5.5%) and the lowest for Basel (2.4%). The development pipeline still is promising, and the renovation of existing properties has been pushed especially in Zurich. Whereas for most core cities hardly any increase in availability must be expected over the next years, we assume that this will not be the case for the agglomerations of Zurich and especially Geneva due to the many development projects under way.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. In Switzerland, CBRE is located in Geneva, Zurich and Lausanne. Please visit our website at www.cbre.com or www.cbre.ch.