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LOCATION GROUP

Location Services Zurich: Zurich reached European 3rd highest retail rents

Ein Dokument

Zurich (ots)

- Indication: The complete presse release can be downloaded free 
     of charge in pdf-Format under
     http://www.presseportal.ch/de/story.htx?firmaid=100009835 -
In Zurich, rent prices are as high as EUR 4.500/sqm
per year making them among the highest in Europe. This places Zurich
as the most expensive retail trade location in Switzerland. In
comparison: rent prices in Munich, the most expensive location in
Germany, reach up to EUR 3.000/sqm - approximately one third below
the top rent prices in Zurich. Only in London and Paris is retail
space more expensive than in the city of Zurich, the city with the
highest purchasing power worldwide, the highest standard of living as
well as the highest per capita income in the world. Zurich, the
largest city in Switzerland, has a population of 367,000 and 3
million people live in the city's catchment area. Bahnhofstrasse,
Zurich's top prime location, will see the addition of Hugo Boss in
spring 2006 and beginning in mid-2007, one of the first continental
European Apple stores. Location Services Zurich confirms that the
prime retail districts of Rennweg, the Limmatquai, Löwenplatz and
Niederdorfstrasse are also in very high demand.
In Sihlcity, the new part of the city covering a total area of
approx. 100,000 sqm, a shopping centre by the same name will be
opening in spring 2007. The area is already in high demand,
demonstrating the need for additional retail space in Zurich for
proprietors of chain stores.

Contact:

Location Services AG
Marc-Christian Riebe
Bahnhofstrasse 58
8001 Zürich
Tel. +41/44/225'95'00
Fax +41/44/225'95'01
E-Mail: info@location-services.ch
Internet: http://www.location-services.ch