The office market in
the Greater Paris Region

Rental market 

642,000 sq m of office space was transacted in the Greater Paris Region over Q4 2018 taking the full-year take-up performance to over 2.5 million sq m (-5% year on year). 

The medium space segment (1,000 - 5,000 sq m) was the only one to post a year-on-year increase in activity (+8% by number and by volume). 

As at the end of December 2018, immediate supply in the Greater Paris Region stabilised at under 3 million sq m (-10% year on year) for the second consecutive quarter. 

Prime rental values posted a reasonable year-on-year increase in most markets across the Greater Paris Region. 

Investment market 

Following a slowdown over Q3, the Greater Paris Region investment market ended 2018 with a record performance of over €10 billion in investments over the last three months of the year. 

The full-year investment volume for the Greater Paris Region therefore stands at €23.1 billion - a record level representing a 19% year-on-year increase which is over 70% higher than the long-period average. 

62 transactions for lot sizes over €100 million were recorded over 2018 with a total of €14.7 billion, or 64% of the overall volume. 

Foreign investors made a strong return to the French investment market towards the end of 2017 and continued to be highly active throughout 2018 accounting for 44% of the activity recorded in the Greater Paris Region.