Summary and analysis of Zurich's current office real estate market conditions.
Insight
Zurich Office Market Dynamics, Q1 2025
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In the first quarter of 2025, the supply of available office space decreased by 4,900 sq.m., with the vacancy rate remaining unchanged at 5.3%.
The demand for modern offices in prime locations and the limited supply situation led to an increase in prime rents.
New construction activity has decreased significantly compared to previous years. It was also observed that some properties are being sought for conversion and are consequently no longer being offered on the market for office use.