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Greater Paris Region Office Market Dynamics, Q2 2024
Summary and analysis of Greater Paris Region's current office real estate market conditions.
13 août 2024
The Greater Paris rental market slowed over Q2 with just under 409,000 sq. m. of take-up, with a year-to-date take-up of 853,300 sq. m. as of the end of June (-5% y-o-y and 18% below the 10-year average).
Immediate supply in the Greater Paris Region continued to rise, reaching 4,983,000 sq. m. by the end of June 2024. The vacancy rate stood at 9%.
In most Parisian markets, rental values for second-hand space were record high, with a peak of € 740 per sq. m. per annum in the CBD. The prime rent remained at the € 1,000 per sq. m. per annum.