Zurich Office Market Profile – Q1 2022
New quarterly Zurich office market report of JLL Switzerland
The supply of available office space decreased by 38,800 sqm in the first quarter 2022 and currently stands at 375,100 sqm in the Zurich region. The availability rate fell from 5.1% at the end of the year to 4.6%.
Various lettings (e.g. through Zalando, Cryptofinance, HDI, University of Zurich, AKW Group, Coca Cola) confirm that the Zurich office market has regained momentum and has recently developed much more positively than was predicted a few months ago. In district 1 and district 4, the availability rate is 1.8%, in District 5 it’s even lower at 1.5%. The prime rent in Zurich remains at CHF 870 per sqm per year net.