The slight weakening of the economy also manifested itself in the office market in 2019. The stabilisation observable in the previous year with falling supply figures was offset with a fresh increase in available space. A total of approximately 1.85 million m² of office space was available within six months in the Swiss agglomerations, representing an increase of 5% compared with the previous year. At first glance, there is a noticeable lack of any uniform trend in the Swiss office markets. While the supply in the two largest markets of Zurich and Geneva, as well as Basel, proved highly stable, other office locations showed stronger variation. The supply in Lucerne and Zug grew significantly. In Zug, this almost exceeded 100,000 m2 in 2019, while the supply in Bern remained below this figure once again. There was also no consistent trend in terms of rental levels. In fact, there were significant fluctuations in different directions. This is particularly attributable to the increasing demand in urban centres such as Zurich and Basel. The sought-after districts of these cities shifted from being tenants’ markets to landlords’ markets during the course of 2019. In peripheral locations or those with lesser infrastructure, however, owners have been left standing. The economic situation and changing requirements of the modern working environment are having a particularly noticeable impact on these locations. Potential tenants are highly price sensitive in such locations and are still seeking the best possible infrastructure, including shopping amenities or additional services. With no upturn in the economy expected this year, the market situation can be expected to remain stable at best. Demand for central locations with good infrastructure will increase further, not least owing to the discourse around sustainability.