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Geneva : Decline in take-up and rents - Q2 2014

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Geneva : Decline in take-up and rents - Q2 2014

During Q2 2014, the Swiss GDP growth forecast for 2014 has been lowered from 1.9% to 1.8% by Oxford Economics. 2015 and 2016 forecasts are unchanged at 2 % and 2.1 % respectively. Through the rest of this year and in 2015, more of the impetus for growth will come from exports and business investment and less from construction and private consumption.

In Q2 2014, 7,529 sq m of available office space were taken-up in Geneva. As predicted in our last report, this makes the take-up volume for Q2 2014 almost 79% weaker than Q1 2014 and 65% weaker on a year on year basis. Q2 2014 shows the take up at its lowest level for the past five years.

Source : DTZ (Groupe UGL)

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