Geneva office rental market

The Geneva office rental market is scant, especially in Geneva where the demand for office space is greater than the number of offices available.

The current economic environment is more sluggish than in previous years and as a result there has been a slight drop in rent prices (between 3 and 8%) for the first time in many years but more time is required to find a new location than before.

This drop can be explained by

A drop in the demand for rentals by international companies,
A decline in banking activities (services, finance and trading),
The departure of some large companies.

The rent for offices in Geneva varies depending on the location of the office, its floor space and prestige.

Rents (approximate): Geneva - City

Approx. City rental	Standard building	Prestigious building
Downtown Geneva	CHF 500.- to CHF 650.- /m² /year	CHF 650.- to CHF 950.- /m² /year
Geneva Center – left bank	CHF 350.- to CHF 450.- /m² /year	CHF 450.- to CHF 650.- /m² /year
Geneva Center – right bank	CHF 350.- to CHF 450.- /m² /year	CHF 450.- to CHF 600.- /m² /yea

Rents (approximate) : Geneva - Region

Estimated rental for the region	Standard building	Prestigious building
Airport	CHF 250.- to CHF 400.- /m² /year	CHF 400.- to CHF 500.- /m² /year
Meyrin - Vernier	CHF 150.- to CHF 250.- /m² /year	CHF 250.- to CHF 350.- /m² /year
Praille - Acacias - Vernets	CHF 250.- to CHF 300.- /m² /year	CHF 300.- to CHF 450.- /m² /year
Chêne - Thônex	CHF 200.- to CHF 300.- /m² /year	CHF 300.- to CHF 400.- /m² /year
Lancy - Carouge	CHF 250.- to CHF 300.- /m² /year	CHF 300.- to CHF 450.- /m² /year

Approximate rental prices based on those seen at the beginning of 2013

Approx. City rental	Standard building	Prestigious building
Downtown Geneva	CHF 500.- to CHF 650.- /m² /year	CHF 650.- to CHF 950.- /m² /year
Geneva Center – left bank	CHF 350.- to CHF 450.- /m² /year	CHF 450.- to CHF 650.- /m² /year
Geneva Center – right bank	CHF 350.- to CHF 450.- /m² /year	CHF 450.- to CHF 600.- /m² /yea

Rents (approximate) : Geneva - Region

Estimated rental for the region	Standard building	Prestigious building
Airport	CHF 250.- to CHF 400.- /m² /year	CHF 400.- to CHF 500.- /m² /year
Meyrin - Vernier	CHF 150.- to CHF 250.- /m² /year	CHF 250.- to CHF 350.- /m² /year
Praille - Acacias - Vernets	CHF 250.- to CHF 300.- /m² /year	CHF 300.- to CHF 450.- /m² /year
Chêne - Thônex	CHF 200.- to CHF 300.- /m² /year	CHF 300.- to CHF 400.- /m² /year
Lancy - Carouge	CHF 250.- to CHF 300.- /m² /year	CHF 300.- to CHF 450.- /m² /year