More offices stand empty in Switzerland

More and more offices are standing empty in Switzerland's major cities. Yet the number of new office constructions is likely to increase in the future, a study shows. +Get the most important news from Switzerland in your inbox The supply of vacant office space in Switzerland's five largest office markets - Zurich, Geneva, Bern, Basel and Lausanne - increased by 9% in 2024 compared to the previous year, a study published on Tuesday by real estate consultants Jones Lang LaSalle AG (JLL) shows. The average supply ratio has risen continuously since 2019, when offices created at home were only just starting to develop. From an international perspective, however, the increase in available office space in Switzerland is comparatively low. In the same period, the average vacancy rate in 24 European cities rose by 3.3 percentage points to 8.5%. The supply of vacant office space in Switzerland has increased by 231,000 square metres since 2020. At the same time, 1.16 million square metres of ...