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The office market in the Greater Paris Region 3rd quarter 2018 November 14, 2018
Rental market Following an extremely active start to the year, the Greater Paris Region office market slowed over Q3 2018 (504,000 sq.m) resulting in an overall year-to-date take-up of 1.9 million sq.m (+6% year on year). The largest increase was seen in the medium space segment (1,000 to 5,000 sq.m) at +20%. At last! By the end of September 2018, immediate supply in the Greater Paris Region dipped below 3 million sq.m (-16% year on year). Increases in prime rent were recorded in most of the markets in the Greater Paris Region by the end of Q3 2018 and level in the CBD topped €800 per sq.m/year. Investment market After the excellent results seen in Q2, the Greater Paris Region investment market returned to more normal levels with €3.4 billion in investments recorded over the last three months taking the year-to-date investment volume to €12.8 billion (+33% year on year). 35 transactions for lot sizes over €100 million have been recorded since the beginning of the year with a total of €8 billion, or 2/3 of the overall volume. Record levels of investment have been recorded in Paris since the beginning of the year with €6.7 billion. Foreign investors remained active over Q3 and have accounted for almost €4.9 billion in investments since the beginning of the year.PARIS / ÎLE-DE-FRANCE OFFICE PROPERTY MARKET Q3 2018 November 14, 2018
In 2019, French GDP growth will maintain the same growth rate as in 2018 (+ 1.6%). Lettings activity slowed during Q3, with take-up volumes down 3% compared to the previous quarter. In inner Paris, take-up volume is likely to exceed one million sq.m for the whole of 2018. Prime rent currently stands at €840 /sq.m/year (+ 9% year-on-year). 9.7 billion euros were invested in the Greater Paris Region office market over the first nine months of 2018, an increase of 15% year-on-year. Core assets account for almost 60 % of investment volumes since January.The office market in the Greater Paris Region 3rd quarter 2016 - Good market activity continues November 14, 2016
Since the beginning of the year, immediate office supply in Paris has fallen by 100,000 sq m leaving the average vacancy rate in the capital at 3.6% by the end of September. With 592,000 sq m of availability, supply in Paris has not been this low for 8 years!The office market in the Greater Paris Region - Q3 2015 October 27, 2015
Prime yields in the Paris CBD hardened further in Q3 to reach a historically low level of 3.25-3.75%, lower than the record in 2007 (3.50-4.50%) and below the level of London West End (3.50-4.00%). Real estate remains a sought after investment product. It offers, despite current low yields, a positive gap of more than 230 basis points compared to long term interest rates (OAT 10 years 0.89% at end September). This is in sharp contrast to the negative spread in 2007 of 110 basis points with an OAT of 4.60%. If US interest rates are set to slightly increase before year end, rates in the Euro zone will probably remain stable in the coming months but in any case the risk premium is suf cient today to absorb a slight change.The office market in the Greater Paris Region - Q4 2014 December 31, 2014
Following three years in which the investment market hovered around 12 billion euros, 2014 was an excellent year for the Greater Paris Region market, which surpassed the 17 billion euro mark. It was the best year recorded since the 2007 peak, which exceeded 20 billion euros. While the London market was down year-on-year – recording a 9% fall in investment volumes – the Greater Paris Region market recorded an increase of 46% in one year.Property Times Paris CBD Q2 2014 August 25, 2014
Take-up in the Paris CBD stood at almost 191,000 sq m for H1 2014, representing a 32% year-on-year increase.All space segments benefited from the upturn in activity although the major space segment recorded the most significant improvement with a take-up of 50,000 sq m, equivalent to the full-year figure for 2013.
Investments in Commercial Real Estate in France - Outstanding Performance in H1 2014 August 19, 2014
Investment in commercial real estate over H1 2014 came in at € 12.3bn. This was a very handsome performance, up 51% over one year and much higher than the average of the last 10 years (€ 8.3bn).- BNP Real Estate