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First release of JLL’s report “Grand Paris and commercial real estate: future trends” which focuses on three major development projects: the Docks eco-district in Saint OuenNortheast Paris (Macdonald and Claude Bernard) and Clichy Batignolles.
Analysis of these three areas gives an indication of what the Grand Paris project will bring in terms of land, new transport lines and mixed-use development.
This report is the first in a series which aims to highlight the linkages between the office real estate market and the Grand Paris project.
In Clichy-Batignolles 50 hectares of land is due to be developed by 2018/2020 with no less than 260,000 sq m of office space. On the one hand this includes the development of a number of office buildings (140,000 sq m overall) and, on the other hand, the future Cité Judiciaire de Paris (Paris Judicial Precinct), designed by the architect Renzo Piano, which will draw 9,000 visitors to the area on a daily basis.
In Saint-Ouen the Docks district comprises 100 hectares which will be developed over the next 10 years. 310,000 sq m of office space will be added to the existing stock of half a million square metres. Upon completion, office supply in the district will be comparable to current levels seen in Levallois Perret or Issy-les-Moulineaux.
Finally, Northeast Paris with 200 hectares is by far the largest development area in Paris. In time, the area could see 1.3 million square metres of development as well as 28,000 residents and 15 to 20,000 workers. At the present time, one tenth of this territory is on the verge of completion – the new Claude Bernard / Macdonald district.
> Download Clichy-Batignolles infographic> Download Docks de Saint-Ouen infographic> Download Northeast Paris infographic
Please fill out the form to download the report.
28 January 2015