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Home Real Estate Office space

What is Zurich’s office vacancy rate looking like?

byInside Network
March 11, 2020
inOffice space, Real Estate
Photo of Zurich

Zurich’s office availability depends on the area and the type of space being measured. A regional percentage does not tell you how many suitable offices are available in the city centre, and a forecast from 2020 cannot describe the current market. Use dated evidence alongside a building-level comparison.

Zurich accommodates financial institutions, established businesses and start-ups. Their requirements differ, so take the needs of your own team into account before using a headline vacancy rate to guide a move.

A recent reference for office availability

JLL’s Zurich Office Market Dynamics report, dated 5 August 2026, gives office availability of 5.1% for the Zurich region in Q2 2026. This is a regional availability measure for that quarter, not a city-centre vacancy rate or a statement about every property.

Always keep the source, measurement date and geographical boundary beside a statistic. Check whether a report counts physically empty space, advertised availability or another category. The distinction matters when you compare reports or assess how quickly a building could be occupied.

The City of Zurich’s official statistics page records its commercial empty-space survey for 1995–2021. That historical series should not be labelled a current 2026 office vacancy figure. Residential vacancy data also answer a different question and should not be substituted for office information.

What changed in this article’s historical context

The earlier version referred to a boom in property development using a KPMG report from spring 2019. This is a historical reference, not evidence of today’s construction pipeline. The old discussion of areas near the airport belongs to that period.

The article also predicted an additional six per cent of office space by mid-2020 and suggested this would reduce rent inflation. A prediction is not an observed result. Without a confirmed outcome and a clear definition of that percentage, it should not guide a current rental decision.

Likewise, a compact central area does not prove that every part of the wider market faces the same shortage. Separate the city, neighbouring municipalities and individual submarkets when evaluating supply. Ask for recent evidence covering the actual locations on your shortlist.

Compare locations through real journeys

A central address, an airport-area office and another regional location may suit different working patterns. Map where employees, customers and partners travel from. Consider how frequently each group visits before deciding which connections deserve the most weight.

Check the complete journey, including transfers and the final walk to the entrance. Visit at the times people would normally arrive. An attractive travel time on a general map may not capture an inconvenient interchange or restricted building access.

For airport-related operations, proximity may be useful, but it does not replace an assessment of the premises. Confirm delivery arrangements, visitor procedures and access outside standard hours. Base the comparison on the work rather than assuming every peripheral location offers the same advantages.

Define the office before comparing rents

List the functions the space must support: focused work, meetings, confidential calls, storage and shared activities. Estimate simultaneous occupancy instead of equating total headcount with desks. Identify requirements that would rule out a building before spending time on detailed negotiations.

Review an actual floor plan. Circulation routes, room shapes and shared facilities affect usable capacity. Ask which areas are included in the quoted size and whether proposed changes are possible. Equal floor areas can produce very different working environments.

Record any fit-out needed and who would organise it. Verify connectivity, accessibility and the condition of building systems during due diligence. Do not assume a recently advertised office is ready for your specific operation on the day it becomes available.

Look beyond the headline rent

Compare rent with operating charges and the cost of each required service. Include furniture, technical setup, moving costs and any overlap with the existing premises. Separate one-off spending from recurring obligations so the budget remains understandable.

Use the same time horizon for each offer. Show incentives separately rather than letting an initial discount dominate the comparison. Ask for clarification of uncertain charges and seek appropriate professional advice on material lease terms before committing.

Request available information about energy performance, maintenance and responsibility for repairs. Check how shared costs are allocated. A reputation for quality or an appealing district does not establish the operating condition of a particular building.

Confirm timing and prepare an alternative

Ask whether the space is ready, still occupied or dependent on construction work. Record the proposed handover condition and any promised alterations. A target completion date and a confirmed move-in arrangement are different things.

Test the implications of delayed occupancy or slower team growth. Keep a suitable second option and allocate responsibility for unanswered questions. Market reports provide context; a sound choice depends on verified premises, workable costs and a timetable the business can manage.

After each viewing, write down the same observations for every property. Distinguish confirmed facts from sales statements that still require evidence. This creates a useful record for colleagues who could not attend and makes unresolved differences easier to discuss before choosing a preferred office.

Tags: GuideStartup & ScaleupVacancy ratesZurich

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