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Greater Paris Region Office Market Dynamics, Q4 2024
Summary and analysis of Greater Paris Region's current office real estate market conditions.
20 janvier 2025
Contributors:
- Manuela Moura
There were no surprises in the Greater Paris Region rental market over Q4 2024, which ended the year with 1,750,400 sq m of take-up, down -11% year on year and -21% below the 10-year average (-24% excluding 2020).
At the end of 2024, immediate supply stood at over 5.6 million sq m with a regional vacancy rate of 10.3%.
Lastly, rents continued to diverge, with the CBD and Paris Centre Ouest reaching record levels and prime headline rents of €1,080/sq m and €900/sq m respectively at the end of the year and other markets remaining stable at best or even seeing reductions.