--- title: "Luxembourg vs Zurich: Class A office comparison" description: "Side-by-side Class A office comparison for Luxembourg and Zurich — rent, vacancy, talent, tax, lease norms, transit, and top submarkets." canonical: https://classa.info/compare/luxembourg-vs-zurich pageType: comparison lastUpdated: 2026-04-15T00:00:00.000Z license: "CC BY 4.0 with attribution to Class A Atlas (https://classa.info)." --- > Luxembourg ($60/sqft, 4.8% vacancy) and Zurich ($105/sqft, 3.8% vacancy) compete on different axes: Luxembourg on rent and tax and Zurich on talent depth. ## TL;DR - Class A rent: Luxembourg $60/sqft vs Zurich $105/sqft. - Vacancy: Luxembourg 4.8% vs Zurich 3.8%. - Talent index: Luxembourg 88 vs Zurich 96. - Corporate tax: Luxembourg 24.94% vs Zurich 19.7%. - Premium flex/seat/month: Luxembourg $720 vs Zurich $1,280. # Luxembourg vs Zurich: Class A office comparison **Luxembourg ($60/sqft, 4.8% vacancy) and Zurich ($105/sqft, 3.8% vacancy) compete on different axes: Luxembourg on rent and tax and Zurich on talent depth.** ## TL;DR - [Class A](/glossary/class-a) rent: Luxembourg $60/sqft vs Zurich $105/sqft. - Vacancy: Luxembourg 4.8% vs Zurich 3.8%. - Talent index: Luxembourg 88 vs Zurich 96. - Corporate tax: Luxembourg 24.94% vs Zurich 19.7%. - [Premium flex](/topics/lease-vs-flex)/seat/month: Luxembourg $720 vs Zurich $1,280. ## Market data side-by-side | Metric | Luxembourg | Zurich| | Region | EMEA | EMEA| | Country | Luxembourg | Switzerland| | Class A rent (USD/sqft/yr) | $60 | $105| | Class A rent (local) | 50 EUR | 95 CHF| | Vacancy | 4.8% | 3.8%| | Trend | flat | flat| | Prime yield | 4.8% | 3.2%| | Premium flex / seat / month (USD) | $720 | $1,280| | Submarkets covered | 5 | 5| | Corporate tax | 24.94% | 19.7%| ## Lease norms | Metric | Luxembourg | Zurich| | Typical term | 9 yrs | 7 yrs| | Typical rent-free | 6 mos | 6 mos| | Lease norms | Net leases. 9-year terms with break options at years 3 and 6 standard. Free rent of 6-9 months and TI of €60-€100/sqm typical. | Standard 5-10 year leases. Rent indexed to Swiss CPI annually. Nebenkosten billed separately. Cautio (deposit) of 3-6 months standard. Cantonal stamp duty applies.| | Tax note | 17% federal corporate income tax plus 7% solidarity surcharge plus 6.75% Luxembourg City municipal business tax for an effective combined rate of 24.94%. Material participation exemption regime. | Effective combined federal + cantonal + municipal corporate tax in Zurich approximately 19.7%. Switzerland's tax cooperation regimes for multinationals (e.g. Patent Box) are meaningful.| ## Talent | Metric | Luxembourg | Zurich| | Talent index (0–100) | 88 | 96| | Talent note | Deepest fund administration and private banking talent pool in the EU. Multilingual (French, German, English, Luxembourgish) professional base. Cross-border commuter labour from France, Belgium, and Germany makes up roughly 50% of the workforce. | Deepest financial and pharma talent pool in continental Europe per capita. Average all-in compensation indexes 96.| ## Transit & commute **Luxembourg:** Free public transport nationwide (since 2020) — buses, tram, and CFL national rail. Luxembourg City tram connects Kirchberg to the historic centre. Luxembourg Airport (LUX) is bus-served. **Zurich:** Zurich Hauptbahnhof anchors SBB and S-Bahn. Tram network covers the central city. Zurich Airport is 12 minutes by S-Bahn. ## Top submarkets — Luxembourg - [**Kirchberg**](/cities/luxembourg/kirchberg) — [trophy tier](/topics/trophy-asset-selection) · €56/sqm/mo · ≈ $67.4 PSF/yr USD - [**Centre Ville**](/cities/luxembourg/centre-ville) — trophy tier · €54/sqm/mo · ≈ $65 PSF/yr USD - [**Gare District**](/cities/luxembourg/gare) — prime tier · €44/sqm/mo · ≈ $53 PSF/yr USD ## Top submarkets — Zurich - [**Bahnhofstrasse / Paradeplatz**](/cities/zurich/bahnhofstrasse-paradeplatz) — trophy tier · CHF 110/sqft/yr · ≈ $121 PSF/yr USD - [**Seefeld**](/cities/zurich/seefeld) — prime tier · CHF 80/sqft/yr · ≈ $88 PSF/yr USD - [**Zürich-West**](/cities/zurich/zurich-west) — prime tier · CHF 75/sqft/yr · ≈ $82.5 PSF/yr USD ## Decision criteria ### Pick by cost Luxembourg is the cheaper Class A market on a USD basis. ### Pick by talent depth Zurich has the deeper talent index (96/100 vs 88/100). ### Pick by tax Zurich has the lower headline corporate tax (19.7% vs 24.94%). Local incentives can change the effective rate materially. ### Pick by lease optionality Luxembourg typical term is 9 years with 6 months free; Zurich runs 7 years with 6 months free. ### Pick by transit Luxembourg: Free public transport nationwide (since 2020) — buses, tram, and CFL national rail. Luxembourg City tram connects Kirchberg to the historic centre. Luxembourg Airport (LUX) is bus-served. Zurich: Zurich Hauptbahnhof anchors SBB and S-Bahn. Tram network covers the central city. Zurich Airport is 12 minutes by S-Bahn. ## Run a 4-city comparison Score Luxembourg, Zurich and up to two more markets side-by-side on Class A rent, vacancy, talent, corporate tax, and premium flex pricing — all in USD. [**Run a 4-city comparison →**](/tools/city-comparator) ## Frequently asked questions ****Is Class A office cheaper in Luxembourg or Zurich?**** : Luxembourg is cheaper on a USD basis: $60/sqft vs $105/sqft. ****Which has better talent depth, Luxembourg or Zurich?**** : Zurich indexes higher on talent depth (96 vs 88). ****Which has more sublease availability, Luxembourg or Zurich?**** : Luxembourg carries higher vacancy (4.8% vs 3.8%) and therefore typically more [sublease](/topics/sublease-strategy)">sublease overhang. ****What lease term should I expect in Luxembourg vs Zurich?**** : Luxembourg typical term is 9 years with 6 months rent-free; Zurich typical term is 7 years with 6 months rent-free. ****How does transit and commuter access compare?**** : Luxembourg: Free public transport nationwide (since 2020) — buses, tram, and CFL national rail. Luxembourg City tram connects Kirchberg to the historic centre. Luxembourg Airport (LUX) is bus-served. Zurich: Zurich Hauptbahnhof anchors SBB and S-Bahn. Tram network covers the central city. Zurich Airport is 12 minutes by S-Bahn. ## Editorial provenance Reviewed by [**Samuel Okafor**](/about/authors/samuel-okafor) — EMEA contributing editor. Last updated 2026-04-15. See our [methodology](/about/methodology) and [editorial standards](/about/editorial-standards). ### Primary sources for this page - [CBRE Marketview reports](https://www.cbre.com/insights) — CBRE - [JLL Office Insight](https://www.jll.com/en/trends-and-insights) — JLL - [Cushman & Wakefield Marketbeat](https://www.cushmanwakefield.com/en/insights) — Cushman & Wakefield - [Savills World Research](https://www.savills.com/research_articles/) — Savills - [Colliers Global Office Outlook](https://www.colliers.com/en/research) — Colliers [Full sources index](/about/sources) · [Submit a correction](/about/corrections) --- Citation: Source: Class A Atlas (https://classa.info/compare/luxembourg-vs-zurich), updated 2026-04-15T00:00:00.000Z.