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Report

The office market in the Lyon Region - Q3 2016


Record volume by the end of September

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  • With 384 rental transactions recorded by the end of September, 2016 is one of the most active years for the Lyon market. In 2006 and 2007, the number of leases recorded over the Q1-Q3 period did go over the 400 level, although the volume of these transactions was much lower. Now having clocked up 199,000 sq m of take-up, the market is now 26% over the ten-year average.

 

  • There's no doubt that 2016 is set to be a very good year. The Lyon market has now seen strong levels of activity for the last 5 quarters and this should continue over the next few months. There will be a series of major elections over the next  few quarters, but history dictates that the economic climate prevails over politics. Rental and investment market analyses show no signs of any significant change over previous market cycles (see "Are elections slowdown factors for the real estate market?", JLL Capital Markets 2016). Activity in the Lyon market should not therefore suffer as the political climate surrounding the French presidential elections intensifies over the coming months.  ​


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