Leasing
Basel’s office market shows a clear divide. Supply has eased at regional level, while the city centre remains relatively well supplied, with availability above 5%. Modern space in central locations is still scarce, however, keeping prime rents at around CHF 460/m²/year.
The overall availability rate stands at 4.9%. The largest letting of the period was the Basel-Stadt Finance Department’s lease of around 17,000 m² in the Via building.
Investment
Basel remains a less liquid office investment market than Zurich or Geneva. Prime yields for the best office assets currently stand at around 2.8% to 2.9%, with higher yields required for secondary locations and assets in need of repositioning.
At the same time, developments in Allschwil and other planned projects will add further modern office and laboratory space over the coming years.
