Figures

MarketView Snapshot Office Geneva Q4 2023

February 1, 2024 5 Minute Read

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Office availability in Geneva and its region went up again in Q4 2023, reaching a historic high of 300,000 sq m of office space. There is a mixed picture between the low levels recorded in the city of Geneva (4.3%), which remain stable, and the increasing vacant space in the suburbs (10.3%). Grade A office space scarcity remains strong in the CBD but the ongoing wave of office renovation schemes will gradually put high-quality supply on the market in the coming years. On the back of the recently refurbished Grade A supply delivered in the CBD, the prime office rent has climbed up to CHF 900 / sq
m p.a. Conversely, asking rents are increasingly under downward pressure in the suburbs.