Letting
In 2024, Geneva’s office rental market stabilised after a turbulent post-Covid recovery.
Despite economic slowdown and the delivery of new office spaces, the vacancy rate declined to 6.0%, largely due to the conversion of commercial buildings into residential units and energy compliance renovations.
Investment
In 2024, Geneva’s commercial real estate investment market saw a significant downturn, with transaction volumes dropping by 19% to CHF 419 million, the lowest level in a decade.
While investors have adopted a more cautious approach due to new regulations and economic slowdown, the decline in interest rates and easing inflation signal a potential gradual recovery.
