The industry's own research.
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Image CEO Giacomo Balzarini sees widening gap between prime and non-prime assets.
CenterSquare has acquired a significant portion of Geneva Commons, adding the property to its essential service retail portfolio. Geneva Commons is located along Randall Road, and the center includes over 80 retailers and restaurants spread over 418,000 square feet. CenterSquare purchased six buildings totaling…
Mayor Bowser broke ground on The Geneva, a 604,000 SF office-to-536-unit-residential conversion at 1875 Connecticut Ave NW, the largest such conversion in DC history.
JLL's Switzerland office market study for 2025 reports that vacancy rates in the five largest Swiss markets (Zurich, Geneva, Bern, Basel, and Lausanne) rose 9% year-over-year to 995,500 m², with the average supply ratio increasing from 4.1% in late 2019 to 5.0% at end of 2024, while new construction activity bottomed out at 57,000 m² in 2024 and is expected to rise annually between 2025 and 2027. The report finds that demand remains intact for modern, flexible, ESG-compliant office space in well-connected locations, while older buildings without proximity to transit stations face leasing challenges, and predicts yield compression and higher transaction volumes in 2025 as investors increase capital deployment in a lower interest rate environment.
This is a market report published by CBRE in March 2026 covering the office sector in Geneva, Switzerland for the first quarter of 2026.
The JLL report covers Geneva's office market in Q1 2026, finding that available office space decreased and the vacancy rate fell to 5.8% (down 0.8 percentage points from Q4 2025), partly due to temporary asset withdrawals for renovation including BCGE's acquisition of the Atmosphère building removing approximately 12,000 square meters from the rental market. The analysis identifies intensifying market polarization, with prime buildings attracting the most demand while non-recently renovated assets experience persistent vacancies.
The Geneva hotel market achieved higher room occupancy rates and RevPAR in 2025, while average room rates and the total number of hotel rooms declined; various hotels undertook renovations and international chains pursued expansion plans. City tourism continued to drive growth in Swiss tourism at an above-average rate compared to Alpine regions, with BAK Economics forecasting this trend to persist in coming years.
The Geneva office market experienced increased vacancy in 2025, with the regional availability rate rising to 6.6% from 6.2% at end-2024, while CBD vacancies reached 53,300 m² driven by large tenant relocations and post-renovation space returns to market. Prime rents in select lettings reached CHF 1,030 per m² annually (+6% versus 2024), though overall rents remained stable across submarkets, and demand for new certified office space remained solid despite a reduction in planned office supply due to project revisions.