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Lyon Office Market Dynamics, Q4 2024
Summary and analysis of Lyon's current office real estate market conditions.
24 février 2025
Contributors:
- Anthony Kerveillant
Q4 saw an uptick in activity with 86,373 sq m of take-up across 151 transactions, bringing the annual 2024 total to resulted in 249,355 sq m. This activity indicates y-o-y stability in the Lyon office market, though it remains 15% below the 10-year average. The consistent transaction count of 531 reflects the market’s resilience.
A marked increase in second-hand supply resulted in a 34% y-o-y increase in immediate supply, 32% of which is new/refurbished space. Inner Lyon was particularly affected, representing 2/3 of the available supply. Vacancy rose to 7%.
As a result of regeneration efforts in Part-Dieu, prime rents now stand at €370/year excluding taxes.