The highest demand for sophisticated office solutions in Basel comes from companies and solopreneurs working in the fields of life sciences, pharmaceutical industry, tech, research and development sectors. Very often, people who are professionally engaged in the spheres mentioned above, look for mix-use workspace developments - venues, that combine offices, laboratories, production units, etc. Tenants prefer to rent offices in the central part of Basel, yet, other locations like Kleinbasel, West/St Johan, etc. also attract a significant amount of occupiers. Major development projects like “Meret Oppenheim Hochhaus” and “Grosspeter Tower” show higher absorption rates than buildings located outside the centre of the city. Total supply of office space for rent in Basel nowadays accounts for about 65 thousand square metres; more than half of this amount is placed in the heart of the city, close to the central train station. This market area has the highest median rental rate, which accounts for about CHF265 per sq.m. per year and continues to rise. The lowest fees for office rental in Basel range from around CHF100 to CHF140, accordingly. More and more landlords and commercial real estate agencies provide flexible office solutions in various parts of the city. Coworking gains momentum all around Switzerland and Basel is not an exception. Shared office options primarily support freelancers, self-employed workers and startups that don’t require permanent workspace. At the moment, the region is a focal point for investment opportunities. One of the significant projects which proved the rise in investment activities in the area was the expansion of the Roche site. The construction of the new office tower is expected to be finished by 2021-2022.
