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Good market activity continues
The Greater Paris Region office market posted a further increase this summer. With figures for Q1 already over the 500,000 sq m level, Q2 fared even better and exceeded 600,000 sq m. Q3 also saw a good level of performance with 592,000 sq m of take-up. By the end of September, transactions stood at over 1.7 million sq m (+14% year on year) which is in line with the ten-year average normally seen for this period.
Market driven by foreign investor transactions
Following a timid start to the year, investments in the Greater Paris Region market have increased quarter on quarter. €5.5 billion was therefore invested over Q3 2016, taking the overall performance since the beginning of the year to €12.4 billion; this equates to a 6% year-on-year increase and is 36% higher than the long-term average.
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17 October 2016