New ImmoStat Results for Q3 2017

Market release ImmoStat Q2 2017 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

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The office take-up in the greater Paris region has reached 589,800 sqm over Q3 2017, down by 3% vs Q3 2016. Since the start of 2017, the office take-up now sums up to 1,765,800 sqm, which is up by 2% when compared to the same period over 2016.

The immediate office supply on september 30th 2017 in the greater Paris Region is estimated to about 3,538,000 sqm, down by 2% with regards to its level a year ago.

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

  • € 354 psqm per year, taxes and charges excluded for second-hand properties, down by 1% over a year ;
  • € 368 psqm per year, taxes and charges excluded for new or restructured properties, down by 2% over a year.

The headline rent is the amount defined in lease contracts regardless of incentives, whose level was 22.1% last quarter and will be updated next month for Q3 2017.


In the greater Paris Region, the investment volume in commercial Real Estate over Q3 2017 has reached €4.0 billion, down by 32% vs Q3 2016. The investment volume now sums up since the start of 2017 to €9.4 billion, down by 26% when compared to the same timeframe last year.

More information about Q3 2017 can be found on our webpage "Market Data".