immo!nvest – Die Plattform für Standorte und Immobilien

Tag: CreditSuisse

  • Office space market is holding up better than expected

    Office space market is holding up better than expected

    The supply in the office space market rose from 5.5 to 5.8 percent year-on-year at the end of the second quarter of 2021. Thus, the coronavirus pandemic did not lead to the feared high values, writes Credit Suisse in a report on the study “ Office space market Switzerland 2022 ” by the Zurich-based bank. However, the authors of the study anticipate that the trend towards home office “will still bring some difficult quarters to the office market”.

    Credit Suisse analysts explain that many inquirers were reluctant to rent new office space during the pandemic. They also expect that more and more companies will at least partially enable their employees to work from home in the long term. On the other hand, the analysts expect an increasing share of office work in the course of the digitization of the economy. In the medium term, this will result in stagnating demand for office space, according to the announcement.

    The analysts currently see a connection between higher supply rates and construction activity across Switzerland. However, they have seen counterexamples in Lausanne and Geneva. While Lausanne “benefits from relatively robust demand despite higher construction activity”, weak demand in Geneva has led to an increase in the supply of space to 12.3 percent.

    In the short term, the analysts expect a further increase in the supply of space, also because companies could implement existing plans to give up larger spaces. In the long term, however, they expect the average office rate to rise sharply. Over time, this will probably "overlay the trend towards home office space reducing and generate significant additional demand for office space in the long term".

  • Zug is the most attractive canton for companies

    Zug is the most attractive canton for companies

    The major bank Credit Suisse has published its location quality indicator for this year. This measures the attractiveness of the cantons from the point of view of companies. The canton of Zug moved up to first place this year and was able to overtake the canton of Basel-Stadt. Credit Suisse explains this with the reduction in corporate income taxes that came into effect at the beginning of 2020. The effective maximum corporate income tax rate in Zug is now 11.91 percent – in the previous year it was 14.35 percent.

    Behind Zug and Basel-Stadt, the canton of Zurich follows in the ranking, followed by the canton of Geneva, which has moved up ten places. The fifth place is occupied by the canton of Aargau, the sixth by the canton of Schwyz.

    In addition to the tax policy of the cantons, Credit Suisse also includes the availability of highly qualified and skilled workers in its analysis. According to the economists of the big bank, the level of education of the Swiss workforce has risen sharply in recent decades. However, there is a gap between urban and rural areas when it comes to the availability of highly qualified workers. In urban regions as well as in the closer agglomeration areas, over 40 percent of potential employees have a higher education. In the city of Zurich this proportion is even 57 percent.

    Credit Suisse not only scrutinized the cantons, but also economic regions. This is because she is of the opinion that consideration at the canton level falls short of the mark, especially in larger, heterogeneous cantons. According to the results, metropolitan areas such as Zurich, Zug, Basel, Baden and Geneva and their agglomerations are among the most attractive regions for companies.