Office indicators - Zürich August 2004

	The Office Letting Market in Zurich • Vacancy rose over the last 12 months from 417,000 m2 (end of June 2003) to 595,000 m2 (end June 2004) in the City (Stadt). • City vacancy represents c. 10% of stock. • Vacancy in the agglomeration end June 2004 reached 830,000 m2. • Vacancy expected to peak at around 12% over the next 12 months as new demand is beginning take up some vacant stock.
source: KREC 2004
	Rental values • Prime rents are now falling as a result of significant increases in vacancy. • Prime rent is now c. CHF 900/ m2 p.a. • Significant development pipeline continues to cast shadow over future rental growth.
source: KREC 2004

Significant buildings available to let

Address	District	Available	Area available	Asking rent CHF
General Guisan-Quai 38	CBD	Now	9 200 m2	515 /m2 p.a.
Brandschenkestrasse 150	CBD	Oct 2005	14 400 m2	500/ m2 p.a.
Staffelstrasse 8 - 12	Wiedikon	Now	12 000 m2	250/ m2 p.a.
West-Park, Pfingstweidstr. 60	West End	Now	18 000 m2	300/ m2 p.a.
A1, Juchstrasse	West End	Now	19,100 m2	255 – 315 m2 p.a.
Baslerstrasse 60	West End	Now	13,500 m2	330 m2 p.a.
Picasso, Rautistrasse	Altstetten	Jan 2005	18 000 m2	180 / m2 p.a.
Cubus, Schärenmoosstr.	Oerlikon	To be built	11 000 m2	300/ m2 p.a.
Andreaspark, Hagenholzstrasse 56	Oerlikon	Jan 2006	14 800 m2	350/ m2 p.a.
Balsberg	Airport	Now	20 000 m2	300 – 350 m2 p.a.
Swing Business Park	Wallisellen	Now	16 000 m2	300/ m2 p.a.
3 Tops, Obstgartenstrasse	Kloten	Now	17 700 m2	260 – 390/ m2 p.a.
Zürichstrasse 130	Dübendorf	To be built	15 000 m2	300/ m2 p.a.
Arcus, Silbernstrasse 1	Dietikon	To be built	16 000 m2	245 / m2 p.a.

It should be noted that the KEY INDICATORS SERIES of briefing notes have been prepared to give clients an indication of market values and activities. They are based on a variety of sources of information, which are believed to be correct and reliable. However, no liability will be accepted by KREC for errors or inaccuracies.