1.0Market Snapshot
- +1.4%
- Growth of the Swiss logistics market in 2024, to CHF 46.1 billion (GS1 Switzerland / University of St. Gallen, Logistikmarktstudie 01/2026). The study does not split out warehousing; storage costs are estimated in proportion to transport.
- 3.9%
- Vacancy rate of investor-owned logistics properties in 2025, down from 7.7% in 2019 (JLL, Logistikmarkt Schweiz 2026). JLL counts more than 1,400 buildings with logistics use, most of them owner-occupied.
- CHF 90–150
- Typical annual rent per m² for average logistics space in Switzerland (JLL, 2026); gross yields on logistics properties ranged from 5.2% to 6.9% in 2025.
- 4,198
- Employees in the narrow BFS classes for storage and cargo handling in 2024 (STATENT, NOGA 52.10 and 52.24, 232 units). Most contract-logistics warehouses are run by transport and forwarding firms and are counted in those classes.
2.0Industry Overview
Warehousing and contract logistics in Switzerland are run mostly by transport groups, not by pure warehouse companies. The Swiss logistics market grew 1.4% to CHF 46.1 billion in 2024 (GS1 Switzerland / University of St. Gallen), and its largest providers by Swiss revenue are Swiss Post's logistics services (CHF 4,358 million, 21,042 staff), Planzer (CHF 1,090 million, 6,100 staff), SBB Cargo, Bertschi, Cargo24, Hupac, Galliker (CHF 605 million, 3,500 staff), Rhenus Alpina and Camion Transport. Most of them combine transport with warehouses for retailers, manufacturers and e-commerce. BFS records only 232 units with 4,198 employees in its narrow storage and cargo-handling classes (STATENT, NOGA 52.10 and 52.24), because contract-logistics staff are counted with the transport and forwarding firms that employ them.
3.0Industry Health Check (SWOT)
- Low vacancy (3.9% in 2025) supports rents and property values
- High wages and land prices
- Automation of picking and storage
- Customers in-sourcing or consolidating warehouses
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Warehousing & Storage business valuation in Switzerland
- Statutory Multiple (EBITDA)
- 3.5 - 5.0×
- Deal Multiple (EBITDA)
- 4.5 - 7.0×
- Market Trend
- Stable
Indicative ranges based on market research. Actual multiples vary by company size, growth, and market conditions.
8.0Regional Clusters
Bern and Solothurn
46 storage and cargo-handling units with 1,955 employees in 2024 (BFS STATENT, NOGA 52.10 and 52.24), almost half of the class; part of the Basel–Solothurn–Zurich logistics triangle (JLL).
Eastern Switzerland
33 units with 276 employees; Camion Transport is based in Wil (SG).
Western Switzerland
30 units with 514 employees; Galliker opened 18,000 m² in Aclens in 2026.
Ticino
29 units with 336 employees; Galliker opened a centre in Sant'Antonino in 2026.
Northwestern Switzerland
23 units with 760 employees; Rhenus Alpina (Basel) and Fiege (Münchenstein) are based here.
Zurich
16 units with 177 employees in the narrow class; Planzer is based in Dietikon.
Central Switzerland
16 units with 161 employees; Galliker is headquartered in Altishofen (LU). Figures cover only the narrow storage classes; regional totals exclude units BFS suppresses.
Sources
9.0Frequently Asked Questions
▶How much is a warehousing company worth in Switzerland?
ValIndex's multiples table puts Swiss warehousing and storage at 4.5–7.0× EBITDA in transactions and 3.5–5.0× EBITDA on statutory valuations. Operators with long customer contracts, automation and well-located sites sit at the upper end; firms dependent on one customer or with old buildings sit lower. Owned property is usually valued separately, on rent and yield.
▶What drives the value of a Swiss warehousing or contract logistics company?
Buyers price: (1) location and condition of sites, owned or leased; (2) length and spread of customer contracts; (3) automation and IT; (4) staff and management; (5) specialised capabilities such as temperature-controlled or pharma storage; (6) the split between operating company and property.
▶How big is Swiss warehousing and logistics?
The whole Swiss logistics market was worth CHF 46.1 billion in 2024 (GS1 / University of St. Gallen); warehousing is not reported separately. BFS counts only 232 units with 4,198 employees in its narrow storage and cargo-handling classes, because most warehouses are run by transport and forwarding firms.
▶Who are the main warehousing and logistics companies in Switzerland?
The largest providers by Swiss revenue in 2024 were Swiss Post's logistics services (CHF 4,358 million), Planzer (CHF 1,090 million), SBB Cargo, Bertschi, Cargo24, Hupac, Galliker (CHF 605 million), Rhenus Alpina (CHF 448 million), Fracht and Camion Transport (CHF 280 million), according to the GS1 Top 100. International contract-logistics firms such as Fiege also run Swiss warehouses.
▶What are the key trends in Swiss warehousing?
Five trends: (1) the logistics market grew 1.4% in 2024; (2) logistics property vacancy fell to 3.9% in 2025; (3) family groups such as Galliker are adding capacity in Western Switzerland and Ticino; (4) road congestion is pushing logistics to rail and off-peak hours; (5) staff shortages and wage rises push automation.
▶What are the main risks when buying a Swiss warehousing company?
The main risks are: (1) dependence on a few customers who may consolidate or in-source warehouses; (2) lease expiries or property costs; (3) staff shortages and wage costs; (4) investment needs for automation; (5) energy and construction costs. Due diligence should check customer contracts and notice periods, lease or ownership terms, building condition and automation.
▶How much does logistics space cost in Switzerland?
JLL puts typical rents for average logistics space at CHF 90–150 per m² a year in 2026. Vacancy in investor-owned logistics properties fell to 3.9% in 2025, and gross yields ranged from 5.2% to 6.9%.
▶Where are Swiss logistics warehouses located?
Mostly along the A1 motorway and around Zurich, Basel, Geneva and Lausanne, with the densest cluster in the Basel–Solothurn–Zurich triangle (JLL). In the narrow BFS storage classes, Bern and Solothurn have the most employees (1,955), followed by Northwestern Switzerland (760) and Western Switzerland (514).