Summary and analysis of Basel's current office real estate market conditions.
The supply of available office space in Basel tripled between 2018 and 2020, raising the availability rate there from 1.8% to 5.7% and since then has been hovering above the 5% mark, standing at 5.4% at the end of Q2 2024.
In contrast to almost all other Swiss cities Basel's city centre offers a wide range of options, with an office availability rate of 6.8%.
Approximately 168,000 sq.m. of new office space was built in Basel over the last three years, with no completions in 2024. However, many sites are waiting for a transformation and will fill up the pipeline in the long run.