Geneva Office Market Profile – Q1 2022

New quarterly Geneva office market report of JLL Switzerland

May 01, 2022

The beginning of the year was marked by good activity in most submarkets, despite a slight increase in the supply rate for the Geneva region from 6.2% in the fourth quarter of 2021 to 6.8% in the first quarter of this year.

Stronger demand since the beginning of January has had an impact on the vacancy rate, which has fallen sharply in the CBD right bank/main train station (-36%) and CBD left bank/old town (-23%) submarkets. 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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