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Research

Report

The office market in the Greater Paris Region


​Rental market

The Greater Paris Region office market continued its good performance seen throughout the whole of 2017. As such, the take-up reached 742,000 sq m in the 1st quarter 2018 (+13 % in one year).

All area categories recorded positive changes from one year to the next.

Vacant office space crossed a new threshold, and fell below 3.2 million sq m available as at the end of March 2018, equating to a Greater Paris Region vacancy rate of 5.8%.

Prime headline rents remain stable in the two main Greater Paris Region markets: €760 /sq m/year in the CBD and €500 /sq m/year in La Défense as at 1st quarter 2018.


Investment market

The Greater Paris Region investment market continued its positive trend during 1st quarter 2018, with almost 2.7 billion euros invested (+10 % in one year).

The 1st quarter 2018 was driven by strong activity in the large transactions category, with 10 deals over 100 million euros.

Foreign investors, who were very present in the market at the end of 2017, remained active during the 1st quarter 2018 with almost 1.1 billion euros invested, equating to 41% of all investment activity.

Whilst prime office yields in the most established Paris Region office markets remain stable, an increase in yields can be observed on large office deals, as well as shopping centres (4.25 %) and retail parks (5.00 %).


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