New ImmoStat Results for Q3 2018

Market release ImmoStat Q3 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 503,600 sqm over Q3 2018, down by 17% vs Q3 2017. Since the start of 2018, the office take-up now has totalled 1,873,700 sqm, which is up by 6% compared to the same period over 2017.

Office immediate supply on September 30th 2018 in the Greater Paris Region is estimated at 2,958,000 sqm, down by 15% y-o-y.

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

  • € 374 /sqm pa, excluding taxes and charges for second-hand space, up by 8% over a year ;
  • € 385 /sqm pa, excluding taxes and charges for new or refurbished space, up by 5% over a year.

The headline rent is defined in lease contracts regardless of incentives, whose level was 20.5% last quarter and will be updated next month for Q3 2018.


In the Greater Paris Region, the investment volume in Commercial Real Estate over Q3 2018 reached ,€3.4 billion down by 20% when compared to the Q3 2017. The investment volume has totalled €12.8 billion since the start of 2018, up by 33% when compared to the same timeframe last year.

The average capital value for Office in the Greater Paris Region over Q3 2018 all types alike reaches €6,560 /sqm (including transactions costs) which is up by 6% y-o-y.

More information about Q3 2018 can be found on our webpage "Market Data".