Definition:
Commercial real estate can be defined as properties that are used for business purposes, such as office buildings, retail spaces, warehouses, and industrial properties.Additional information:
The commercial real estate market contains the value of commercial properties as a key performance indicator. This is the worth of all office buildings, retail spaces warehouses, and industrial properties for the timeline of our data coverage.Most recent update: Jul 2024
Source: Statista Market Insights
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Jul 2024
Source: Statista Market Insights
Switzerland, known for its picturesque landscapes and high standard of living, has a thriving Commercial Real Estate market. Customer preferences in the Swiss Commercial Real Estate market are driven by a combination of factors. The country's stable political and economic environment, along with its strong legal framework, make it an attractive destination for both domestic and international investors. Additionally, Switzerland's strategic location in the heart of Europe and its well-developed infrastructure further contribute to its appeal. Trends in the Swiss Commercial Real Estate market are shaped by various factors. One notable trend is the increasing demand for office spaces in major cities such as Zurich and Geneva. This is driven by the growth of industries such as finance, technology, and pharmaceuticals, which require modern and well-equipped office spaces. Another trend is the rising popularity of mixed-use developments, which combine commercial, residential, and retail spaces in a single project. This trend reflects the changing preferences of businesses and consumers, who seek convenience and a diverse range of amenities in their surroundings. Local special circumstances in Switzerland further influence the Commercial Real Estate market. The country's strict zoning regulations and building codes ensure that developments adhere to high standards of quality and sustainability. This not only enhances the attractiveness of the market but also contributes to the long-term value and durability of commercial properties. Additionally, Switzerland's limited land availability, particularly in urban areas, creates a scarcity of prime real estate, driving up demand and prices. Underlying macroeconomic factors play a crucial role in the development of the Swiss Commercial Real Estate market. The country's strong economy, characterized by low unemployment rates and high purchasing power, supports a robust demand for commercial properties. Furthermore, Switzerland's status as a global financial hub attracts foreign investment, which further fuels the growth of the market. Additionally, the country's stable currency and low interest rates create favorable financing conditions for investors, encouraging them to enter the market. In conclusion, the Commercial Real Estate market in Switzerland is thriving due to customer preferences for stability, strategic location, and well-developed infrastructure. The market is characterized by trends such as the demand for office spaces and mixed-use developments. Local special circumstances, including strict regulations and limited land availability, further shape the market. Underlying macroeconomic factors, such as a strong economy and favorable financing conditions, contribute to the market's growth and attractiveness.
Data coverage:
Figures are based on value of commercial real estate.Modeling approach / Market size:
Market sizes are determined by a bottom-up approach. As a basis for evaluating this market, we use national statistical offices. Next, we use relevant key market indicators and data from country-specific associations such as share of industry, manufacturing, and services of the GPD, price level index, GDP. This data helps us to estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the market, for example, exponential trend smoothing.Additional Notes:
The market is updated twice per year in case market dynamics change. The impacts of the Russia-Ukraine war are considered at a country-specific level.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights