Geneva Office Market Profile – Q2 2021

Quarterly report on the Geneva office market by JLL Switzerland

August 03, 2021

The second quarter of the year continues to be impacted by the health crisis despite encouraging signs from the market with, in particular, a supply rate for the region of 6.3% compared to 6.6% in the first quarter of 2021. This decline is mainly marked in the Eaux-Vives/Champel and CBD right bank submarkets where numerous small and medium-sized spaces were leased.

The CBD left bank remained stable in Q2 with a minimal decrease in the supply of vacant space. The same trend was observed in the district of Internantional organisations.  The shortage of space in the CBD is keeping up strong pressure on prices and "prime" rent remains at CHF 850/sqm/year.

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