Research
Zurich Office Market Dynamics, Q2 2024
Summary and analysis of Zurich's current office real estate market conditions.
August 12, 2024
Contributors:
- Daniel Stocker
- Marijan Bregovic
The increase in available office space in the Zurich region continued in the second quarter of 2024, with availability rising from 5.0% in Q1 to 5.1% in Q2 2024.
Demand for offices in prime locations continues to be strong and vacancy rates in central submarkets remain at a low level, typically below the 2% mark.
Construction activity remains subdued compared to previous years. On the other hand, some older properties will come onto the market for refurbishment.