Office market Lausanne

Review and Outlook

The supply of available office space in the city of Lausanne remains tight at an availability rate of 2.2%. Nowhere is office space scarcer than in Lausanne’s CBD, where only 12,000 m² of floor area stands vacant, which equates to an availability rate of just 1.5%. The scarcity of available office space has exerted upward pressure on the prime rent price in Lausanne, which rose to CHF 500 per m2 per annum in 2022 after having held steady at CHF 480 for the previous four years.

The total supply of vacant office space in the greater Lausanne region increased slightly year-on-year from 68,700 m2 to 70,400 m2, nudging up the availability rate from 3.4% at the end of 2021 to 3.5% at the end of 2022.

This chapter is part of the Office Market Study 2023 by JLL Switzerland

High-grade office spaces are encountering intact demand even outside the CBD. In the Pully submarket, where an IT company leased around 5,000 m2 of office space, the availability rate dropped from 6.4% to 2.1%. In the Vidy district, a telecommunications firm leased 2,800 m2 of office space. The availability rate there fell year-on-year from 2.4% to 1.9%.

The availability rate in the Lausanne West/Crissier submarket, where 39,000 m2 of office space currently stands vacant, edged up from 10.8% to 11.8%. A number of newly constructed buildings (totalling approximately 60,000 m2 of floor space) were completed over the last two years and are now gradually being absorbed.

New centres around train stations

The Parc du Simplon site development in Renens will be completed in early 2024. The last building in the complex, Cervin, has a total floor area of 5,200 m2 and is already 95% pre-let.

Later, the Central Malley project being built by the Swiss Federal Railways company on the site of the Prilly-Malley train station will be finished at the end of 2024. It encompasses more than 20,000 m2 of floor space. Two leases for a total of 4,000 m2 have already been signed thus far. Central Malley, by the way, is the first development project in French-speaking Switzerland to be certified as a 2,000-watt site.

Office market study Switzerland 2023

You can find the entire office market study Switzerland 2023 here. The report provides comprehensive insight on the office space markets in Zurich, Geneva, Bern, Lausanne, Basel and Zug. In addition to providing key data and reporting on the most significant changes in Switzerland’s largest market areas, the office market study also highlights some regional idiosyncrasies and presents a brief digression on Europe.