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Why pricey offices in Zurich are empty

Why pricey offices in Zurich are empty

Landlords, mainly institutional investors, are letting their buildings in Zurich’s financial district go empty rather than lower rents. The cause of the lower demand is not entirely clear — some blame big business’ shift to less expensive cities after the financial crisis, however, Bloomberg reports rents for offices fell in the second half of 2016 and are still recovering while vacancies in the district remain at a high — 4.5 percent compared to the city […]

Source: realdeal


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