New ImmoStat Industrials Results for Q3 2024

Since its creation in 2001, the members of the GIE ImmoStat have always worked to strengthen the readability and transparency of the business real estate market. This is why they have decided to create a new market indicator focusing on industrial take-up in the Greater Paris Region. > Download the press release DEFINITION AND WORK SCOPE The « industrial take-up in the Greater Paris Region », as calculated by ImmoStat, represents the volume of transactions (letting and sales to users) carried out with users in the Greater Paris Region. ImmoStat defines industrials as premises used for the production or transformation of physical goods. Also included are warehousing-type transactions that do not have ICPE 1510 status, and courier services under 5,000 sqm. This new indicator includes all installations, relocations or extensions to new industrial based on the signature of a contract between an owner and a company giving the company the use of the said premises. INDUSTRIAL TAKE-UP IN THE GREATER PARIS REGION Since the beginning of 2024, industrial take-up in the Greater Paris Region (volume of letting transactions and sales to users) reached 708,800 sqm, which is down by 19%, compared to the same cumulative in 2023. Q3 2024 reached 208,800 sqm which is down by 24% compared to Q3 2023. Since the beginning of 2024, transactions over 1000 sqm reached 510,000 sqm, which is 72% of take-up for the year. For Q3 2024, transactions over 1000 sqm reach 152,500 sqm, which is 73% of take-up for the quarter. Since the beginning of 2024, transactions in second-hand space represented 73% of take-up for the year. For Q3 2024, transactions in second-hand space continue to be in the majority representing 76% of take-up for the quarter.