Every quarter, ImmoStat 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 in France and the average price in the Greater Paris Region for offices
- the warehouse logistics take-up in France
OFFICES IN THE GREATER PARIS REGION
Every quarter, members of ImmoStat (BNP Paribas Real Estate, CBRE, JLL and Cushman & Wakefield) and EVOLIS (since 2023) gather data on new lettings and sales to occupiers.
Office take-up in the Greater Paris region reached 451,700 sqm over Q1 2024, up by 1% vs Q1 2023.
Office immediate supply on March 31st 2024 in the Greater Paris Region is estimated at 4,902,000 sqm, up by 11% yo-y.
Based on transactions of the quarter, the headline rent of offices is on average:
- € 441 /sqm pa, excluding taxes and charges for second-hand space, up by 3% over a year;
- € 427 /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 25.4% last quarter and will be updated next month for Q1 2024.
INVESTMENTS IN FRANCE
In the Greater Paris Region, the investment volume in Commercial Real Estate over Q1 2024 reached €1.7 billion, down by 55% compared to the Q1 2023.
INVESTMENTS IN THE GREATER PARIS REGION
In the Greater Paris Region, the investment volume in Commercial Real Estate over Q1 2024 reached €0.9 billion, down by 64% compared to the Q1 2023.
The average capital value for Office in the Greater Paris Region over Q1 2024 all types alike reached €6,210 /sqm (including transactions costs) which is down by 19% y-o-y.
WAREHOUSES LOGISTICS IN FRANCE
Every quarter, members of ImmoStat (BNP Paribas Real Estate, CBRE, JLL and Cushman & Wakefield) and EOL (since 2021) gather data on warehouses logistics in France.
For whole France, the take-up for warehouses above 5,000 sqm over Q1 2024 reached 635,500 sqm, with 612,200 sqm in French Regions and 23,300 sqm in the Greater Paris Region. Compared to Q1 2023, this national result is down by 43%.