Zurich Office Market Profile – Q3 2023

Quarterly Zurich office market report of JLL Switzerland

November 17, 2023

In the third quarter of 2023 the supply of available office space in the Zurich region slightly increased to 376,600 m2. Despite an augmentation of 4,800 m2 (+1.3%) the availability rate remains unchanged at 4.6%. While less available office space was measured in District 2 and in Wallisellen, the supply increased in District 1, District 5, District 9 and in District 11.

The signs in the office market have reversed. Demand has slowed down noticeably in recent months. Furthermore, various larger units from the existing stock will come onto the market in 2024 and 2025. Under the current circumstances, it can therefore be assumed that the amount of available office space is likely to increase over the next few quarters.

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