Geneva Office Market Profile – Q3 2021

Quarterly report on the Geneva office market by JLL Switzerland

November 01, 2021

The third quarter of the year saw the beginning of a return to a post-covid situation, with the supply rate for the Geneva region falling to 6.2%, compared with 6.3% in the first quarter of 2020, i.e. before the health crisis. Stronger demand since the beginning of the year, and in particular between the 2nd and 3rd quarters, has had an impact on the vacancy rate, which has fallen sharply in the Plainpalais-Charmilles (-31%), Eaux-Vives/Champel (-11%) and International Organizations (-8%) submarkets. In the peripheral submarkets, the amount of available spaces is higher than in the city of Geneva. The shortage of space in the CBD is keeping up strong pressure on prices and the prime rent remains at CHF 850/sqm/year.

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