New ImmoStat Results for Q1 2019

Market release ImmoStat Q4 2018 Commercial Real Estate in Greater Paris Region : take-up, rents, investment volume, warehouses

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)
  • the office immediate supply and average headline rent
  • the investment volume and the average price for offices

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Office take-up in the Greater Paris region reached 541,300 sqm over Q1 2019, down by 23% vs Q1 2018.

Office immediate supply on March 31st 2019 in the Greater Paris Region is estimated at 2,928,000 sqm, down by 7% y-o-y.

Based on transactions of the quarter, the headline rent of offices is on average:

  • € 386 /sqm pa, excluding taxes and charges for second-hand space, up by 7% over a year;
  • € 396 /sqm pa, excluding taxes and charges for new or refurbished space, up by 4% over a year.

The headline rent is defined in lease contracts regardless of incentives, whose level was 19.9% last quarter and will be updated next month for Q1 2019.


In the Greater Paris Region, the investment volume in Commercial Real Estate over Q1 2019 reached €2.4 billion, down by 22% compared to the Q1 2018.

The average capital value for Office in the Greater Paris Region over Q1 2019 all types alike reaches €6,800 /sqm (including transactions costs) which is up by 5% y-o-y.

More information about Q1 2019 can be found on our webpage "Market Data".