New ImmoStat Results for Q4 2025

Every quarter, ImmoStat, an independent entity pooling data for the four main brokers in French Commercial Real Estate (BNP Paribas Real Estate, CBRE, JLL and Cushman & Wakefield) presents its key indicators for the Greater Paris Region.The present release covers: the office take-up both new lettings and sales to occupiers (with the contribution of EVOLIS) the office immediate supply and average headline rent the investment volume in France and the average price in the Greater Paris Region for offices the warehouse logistics take-up in France (with the contribution of EOL) >Download our press release OFFICES IN THE GREATER PARIS REGION For the whole year 2025, office take-up in the Greater Paris Region reached 1,638,100 sqm which is down by 9% compared to 2024. The last quarter 2025 totalled 436,000 sqm, down by 11% vs Q4 2024. Office immediate supply on December 31st 2025 in the Greater Paris Region is estimated at 6,247,000 sqm, up by 11% y-o-y. Based on transactions of the quarter, the headline rent of offices is on average: € 429 /sqm pa, excluding taxes and charges for second-hand space, down by 5% over a year; € 450 /sqm pa, excluding taxes and charges for new or refurbished space, flat over a year. The headline rent is defined in lease contracts regardless of incentives, whose level was 29.5% last quarter and will be updated next month for Q4 2025. INVESTMENTS IN FRANCE In France, the investment volume in Commercial Real Estate over the year 2025 reached €13.7 billion, up by 8% compared to the year 2024. Q4 2025 is up by 5% compared to the last quarter 2024 and represents €4.9 billion. INVESTMENTS IN THE GREATER PARIS REGION In the Greater Paris Region, the investment volume in Commercial Real Estate over the year 2025 reached €8.4 billion, up by 44% compared to the year 2024. Q4 2025 is up by 23%compared to the last quarter 2024 and represents €2.9 billion. The average capital value for Office in the Greater Paris Region over Q4 2025 all types alike reached €5,360 /sqm (including transactions costs) which is down by 7% y-o-y. WAREHOUSES IN FRANCE For France as a whole, the take-up for warehouses above 5,000 sqm in the year 2025 reached 3,174,600 sqm, with 2,372,200 sqm in French Regions and 802,400 sqm in the Greater Paris Region for transactions of this size. Compared to the year 2024, this national result is down by 4%. The last quarter 2025 totalled 935,500 sqm, up by 15% vs Q4 2024.