Geneva Office Market Profile – Q1 2023
Quarterly Geneva office market report of JLL Switzerland
May 04, 2023
- Daniel Stocker
The first quarter of 2023 saw good activity in most submarkets, with the supply rate for the Geneva region increasing slightly from 6.0% in Q4 2022 to 6.7% in the first quarter of 2023.
The prime rent remains at CHF 850/m2 per year (economic rent) and should increase slightly in the coming quarters. The demand for prime office space continues to be strong and supply is limited; only 2.3% of the office space respectively 23,000 m2 in the CBD are available.