GENEVA OFFICE MARKET

DEVELOPMENT OF RENTS GREATER GENEVA

RENTS BY MARKET AREA

Rental price band
CHF/m² p.a.
Median
CHF/m² p.a.
Available space
Market changes
%
CBD 320 - 850 550 74 175 -33 %
Right Bank 245 - 630 365 96 315 -11 %
Left Bank 325 - 770 540 81 860 -31 %
Chêne / Thônex 260 - 635 350 3 280 9 %
Airport 250 - 450 370 37 390 -31 %
Meyrin / Vernier 230 - 460 325 39 800 -28 %
Onex / Lancy / Carouge 225 - 550 350 35 420 20 %
Plan-les-Ouates 185 - 365 265 21 360 14 %
City of Geneva 285 - 735 480 178 175 -21 %
Greater Geneva 250 – 660 400 315 425 -18 %
Following the expansion in supply in recent years, the market in the greater Geneva area has stabilised. However, in the city of Geneva larger office space of more than 2,000 m2 remains rare. Rent rose in the city of Geneva and the greater Geneva area, with the exception of Plan-les-Ouates and around the airport, as the Geneva region continues to see high demand. Additional attractive offerings will become available along the Léman Express lines over the coming years. This will result in a shift in demand from the city centre to outer locations with good transport connections, and contribute to an easing of demand in central locations. With several development projects under way – such as the PAV urban development project (Praille-Acacias-Vernets) – more excess capacity is likely on the Geneva office market over the long term.