In the second half of 2022, the investment market has reversed. The downward trend in yields observed since 2015 has been offset by a more cautious approach by institutional investors. The Geneva office real estate market shows an increase in prime yields of 30 bps and a half-yearly transaction volume down by approximately 43%.
The rental market has seen a slight increase in availability to 6.6% in the second half of 2022. The total office stock reaches 4,780,000 sqm. On the demand side, the Left Bank CBD and the Pont-Rouge district (PAV) have confirmed their renewed attractiveness. Prime rents remain stable and rarely exceed the established ceiling of CHF 950/sqm/year.