Geneva Office Market Profile – Q3 2023

Quarterly Geneva office market report of JLL Switzerland

November 17, 2023

Q3 2023 saw good activity in the Geneva region, with a stable supply rate of 6.1% this quarter. According to forecasts, prime rents rose to CHF 900/m²/year after several quarters of historically low supply in the CBD, putting pressure on rents.

Availability rate increased to 2.4% in the CBD right bank and to 3.8% in the CBD left bank. Nevertheless, demand for centrally-located offices has remained strong, especially for contiguous areas larger than 1,000 m² and floor plates larger than 250 m² are rare in this submarket. Finding office space for large occupiers is an ongoing challenge in these submarkets.

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