房地产 -日内瓦办公室2025年第三季度 Snapshot Office Geneva Q3 2025

CBRERESEARCH©2025CBRE,INC.

FIGURES|OFFICE|Q32025

Switzerland-Geneva

KeyPerformanceIndicators(Q32025)

TheoficeavailabilityrateinGenevaisstandingat3.6%asofQ32025,slightlydownvsQ12025.The

CBDremainsthemostpopulararea,primarilyforGradeAandlargeofices(>1,000sqm).The

PrimeYieldCityofGeneva

2.90%

ExpectedInvestmentReturns

ChangeYonY:-10bps

PrimeYieldGenevasuburbs

4.10%

ExpectedInvestmentReturns

ChangeYonY:-10bps

PrimeRentCityofGeneva

CHF900

Yearly,persqm

ChangeYonY:0.00%

PrimeRentGenevasuburbs

CHF550

Yearly,persqm

ChangeYonY:5.77%

renovatedbuildingsinthecitycentrehavestillbeenbenefittingfromunabatedpre-lettingactivityin

Take-upCityofGeneva

H12025.Intheperiphery,theavailabilityratehasfallenfurtherto7.8%,i.e.itslowestpointsinceQ4

37K

SquareMeters

101KYear2Date

2017.Thisisduetobothafewlargeleasesandtheconversionofobsoletespace(hencenotvacant

anymore).Morethan40%ofsupply(insqm)islocatedinregulatedindustrialzoneswheredemandforoficespaceislimited.

Approx.130,000sqmarecurrentlyunderconstructioninGenevaanditsregion,with1/3ofitnotbeing

pre-letyet.Addingtothisoficespacewithabuildingpermitalreadygranted/submitted,theoficepipelinerepresentsapprox.215,000sqmby2028.Thoseprojectsincludethe55,000sqm

Take-upGenevasuburbs

15K

SquareMeters

55KYear2Date

owner-occupied"tourPictet".Otherlargeprojectsareoftenlocatedinindustrialareasinmixed-usebuildings,e.g."Rubix"and"FabriquedesMorgines".

RentalactivityheldupwellduringH12025.Afewlargeroficetransactionstookplace,suchasArabBankinGenevaCBD(>5,000sqm)orSuperlabintheInternationalDistrict(2,000-5,000sqm).

Althoughthefinancial,public,educationandhealthsectorsrepresentthebulkofdemand,themarketmaybeafectedbytheuncertaintyaroundtheimplementationoftheUStarrifdealinH22025

TotalStockCityofGenevaandSuburbs

4.526M

AvailabilityRateCityofGeneva

3.5%

PercentageofStockAvailable

ChangeYonY:-29bps

AvailabilityRateGenevasuburbs

7.6%

PercentageofStockAvailable

ChangeYonY:-229bps

throughslowdecision-makingandweakeremploymentgrowth.

RentsareslighlyincreasinginGenevaoverall:especiallyinthe"prime"segmentwheresupplyremainsscarce.Insecondaryareasandinoldbuildings,headlinerentsremainstablebutunderpressure,as

financialincentivesandflexibleleasesaregettingmorecommon.

SquareMeters

PrimeRent(CHF/sqmp.a.)

MarketTrend(Take-up|PrimeRent)

Take-up(sqm)

360K

270K

180K

90K

0K

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

CHF950

CHF900

CHF850

CHF800

CHF750

CityofGenevaGenevasuburbsPrimeRentCityofGeneva

AvailabilityRate(lastQ)

DevelopmentActivityinCityofGenevaandSuburbs(Completions|AvailabilityRate)

Completions(sqm)

160K

120K

80K

40K

0K

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

2026

7.00%

6.50%

6.00%

5.50%

5.00%

ForecastedCompletionsCompletionsAvailabilityRate

FIGURES|OFFICE|Q32025

©2025CBRE,INC.

CBRERESEARCH

Contacts

Submarket

Availability(sqm)

AvailabilityRate

MedianAskingRent

(persqmp.a.)

PrimeTransactionRent

(persqmp.a.)

CBDLeftBank

21,000

3.0%

CHF690

CHF900

CBDRightBank

13,000

4.2%

CHF465

CHF700

Acacias-LaPraille

2,000

1.1%

CHF325

CHF490

Champel-Florissant

4,000

2.1%

CHF490

CHF650

Eaux-Vives-Lac

3,000

1.9%

CHF490

CHF650

International

33,000

5.1%

CHF390

CHF610

Plainpalais

6,000

1.8%

CHF465

CHF680

West

15,000

6.5%

CHF350

CHF420

CityofGeneva

97,000

3.5%

CHF480

CHF900

Airport

39,000

7.9%

CHF335

CHF450

Carouge

8,000

2.7%

CHF340

CHF410

Lancy

28,000

9.0%

CHF395

CHF550

Vernier

40,000

12.2%

CHF320

CHF480

Plan-les-Ouates

20,000

5.6%

CHF295

CHF370

Genevasuburbs

135,000

7.6%

CHF325

CHF550

DavidSchoch

DirectorResearch&Consul弋ng+41442263059

david.schoch@

JulienScarpa

AssociateDirectorResearch&Consul弋ng

+41215607366

julien.scarpa@

NicoleWeber

Execu弋veDirectorAdvisory&Transac弋onServices

+41223228067

nicole.weber@

OficeMarketBoundariesofCityofGenevaandSuburbs

RomainPhilipps

AssociateDirectorAdvisory&Transac弋onServices

+41225912159

romain.philipps@

©Copyright2025.Allrightsreserved.Thisreporthasbeenpreparedingoodfaith,basedonCBRE’scurrentanecdotalandevidencebasedviewsofthecommercialrealestatemarket.AlthoughCBREbelievesitsviewsreflectmarketconditionsonthedateofthispresentation,theyaresubjecttosignificantuncertaintiesandcontingencies,manyofwhicharebeyondCBRE’scontrol.Inaddition,manyofCBRE’sviewsare

opinionand/orprojectionsbasedonCBRE’ssubjectiveanalysesofcurrentmarketcircumstances.Otherfirmsmayhavediferentopinions,projectionsandanalyses,andactualmarketconditionsinthefuturemaycauseCBRE’scurrentviewstolaterbeincorrect.CBREhasnoobligationtoupdateitsviewshereinifitsopinions,projections,analysesormarketcircumstanceslat