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 IMMPROVE)
- 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)
OFFICES IN THE GREATER PARIS REGION
Over first half 2025, office take-up in the Greater Paris Region reached 768,400 sqm which is down by 12% compared to first half 2024. The second quarter 2025 has totaled 337,300 sqm, down by 21% vs Q2 2024.
Office immediate supply on June 30th 2025 in the Greater Paris Region is estimated at 5,992,000 sqm, up by 20% yo-y.
Based on transactions of the quarter, the headline rent of offices is on average:
- € 447 /sqm pa, excluding taxes and charges for second-hand space, flat over a year ;
- € 447 /sqm pa, excluding taxes and charges for new or refurbished space, up by 2% over a year.
The headline rent is defined in lease contracts regardless of incentives, whose level was 27.7% last quarter and will be updated next month for Q2 2025.
INVESTMENTS IN FRANCE
In France, the investment volume in Commercial Real Estate over first half 2025 reached €5.8 billion, up by 30% compared to first half 2024. Q2 2025 is up by 17% compared to the Q2 2024 and represents €2.2 billion.
INVESTMENTS IN THE GREATER PARIS REGION
In the Greater Paris Region, the investment volume in Commercial Real Estate over first half 2025 reached €3.7 billion, up by 85% compared to first half 2024. Q2 2025 is up by 17% compared to the Q2 2024 and represents €1.3 billion.
The average capital value for Office in the Greater Paris Region over Q2 2025 all types alike reached €5,400 /sqm (including transactions costs) which is down by 10% y-o-y.
WAREHOUSES LOGISTICS IN FRANCE
For whole France, the take-up for warehouses above 5,000 sqm over first half 2025 reached 1,527,600 sqm, with 1,145,000 sqm in French Regions and 382,600 sqm in the Greater Paris Region for transactions of this size. Compared to first half 2024, this national result is down by 17%. The second quarter 2025 has totalled 618,900 sqm, down by 38% vs Q2 2024.