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Research

Report

Office market in the Greater Paris Region Q3 2012


- The slowdown in the rental market observed since the start of the year remains unchanged (-19%), but varies notably from one sector to another.

- The immediately available supply hardly changed this quarter, with a total of 3,556,000 sq m, including 22% of new space.

- The Central Business District again became the most expensive market in the capital with a prime nominal rent of €795 per sq m.
- €7.3 billion has been invested since the start of the year, i.e. a 17% rise in one year.
- Four sales of over €200 million buoyed the market in Q3.
- Prime yields fell by 25bp on the best markets of Paris.

A rental market still in decline compared to last year
The rental market has not experienced any major changes. It still registered a drop of around 19% compared to 2011. The level of sales reached close to 1.6 million sq m at the end of September (compared to over 1.9 million sq m during the same period last year).
However, Q3 was particularly active, the best recorded for one year.
The upturn in summer activity was due to the conclusion of very large transactions for which the conditions precedent have been lifted.​

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