Switzerland’s commercial property market remains one of the most stable and attractive in Europe, underpinned by the country’s strong economy, political neutrality, and high standard of living. Key cities such as Zurich, Geneva, Basel, and Bern serve as major hubs for finance, pharmaceuticals, international organizations, and technology, driving sustained demand for office, retail, and industrial spaces.
The office sector in prime locations like Zurich and Geneva continues to experience low vacancy rates, particularly for high-quality, sustainable buildings that meet modern ESG standards. However, remote and hybrid working trends have slightly softened demand for traditional office space, encouraging landlords to offer more flexible leasing terms and co-working options.
In the retail sector, high street locations in city centers remain resilient, though there is a noticeable shift toward e-commerce, impacting secondary retail zones. Luxury retail in Geneva and Zurich, buoyed by international tourism and high domestic purchasing power, remains particularly strong.
The industrial and logistics sector is growing steadily, driven by increasing e-commerce volumes and demand for last-mile delivery solutions. However, Switzerland’s challenging topography and limited land availability constrain large-scale developments, leading to premium pricing for well-located logistics assets.
Investment outlook is positive, with Switzerland regarded as a safe haven by institutional investors. Yields for prime assets remain low, reflecting high competition and risk aversion. ESG-compliant and energy-efficient properties are increasingly in demand, with sustainability becoming a key investment criterion.
While Switzerland’s tightly regulated planning system and high entry costs can pose barriers, the country’s legal stability, transparent property laws, and currency strength continue to attract both domestic and international investors seeking long-term security.