Zurich Office Market Profile – Q1 2021
New quarterly Zurich office market report of JLL Switzerland
The supply of available office space increased by 14,800 sqm or 4.0% in the first quarter of 2021 and currently stands at 386,400 sqm in the Zurich region. Therefore, the availability rate increased from 4.7% to 4.8% compared with the previous quarter, the increase in available office space has continued since the first quarter of 2020.
The supply of prime locations in the city centre remains scarce; in District 1, the availability rate is only 2.0%. Demand for centrally located, modern offices remains comparatively good, which continues to keep the rent level stable and even caused them to rise slightly recently. The prime rent therefore increased from CHF 850 to CHF 870 per sqm per year net.