Summary and analysis of Basel's current office real estate market conditions.
Insight
06 August 2024
Basel Office Market Dynamics, Q2 2024
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The supply of available office space in Basel tripled between 2018 and 2020, raising the availability rate there from 1.8% to 5.7% and since then has been hovering above the 5% mark, standing at 5.4% at the end of Q2 2024.
In contrast to almost all other Swiss cities Basel's city centre offers a wide range of options, with an office availability rate of 6.8%.
Approximately 168,000 sq.m. of new office space was built in Basel over the last three years, with no completions in 2024. However, many sites are waiting for a transformation and will fill up the pipeline in the long run.