Zurich Office Market Dynamics, Q3 2025

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• The supply of available office space increased to 5.3% in the third quarter (previous quarter: 5.1%).
• In the city centre and in districts close to the centre, vacancy rates are below 3.0%. Conversely, over 10% of offices in the north of Zurich are vacant.
• New construction activity has decreased significantly compared to previous years. In addition, it can be observed that some properties are being converted for other uses and are therefore no longer offered on the office market.