AVERAGE RENT INCENTIVES REACH AT 27.7% IN THE GREATER PARIS REGION
The average level of rent incentives for new office lettings above 1,000 sqm in the Greater Paris Region increased in Q1 2025 to reach 27.7% (+1.3 points compared to the previous quarter).
New office lettings > 5,000 sqm continued to experience stronger incentives than others with a difference of +1.8 points in Q1 2025.
In the meanwhile, the secured length of lease > 5,000 sqm reached an average of 8.1 years (-11% year-on-year) in Q1 2025 and 6.6 years (+4% year-on-year) for those from 1,000 to 5,000 sqm.
The average level of rent incentives ranges across market sectors from 13.4% in Paris Centre West to 38.1% in La Défense. One of the most significant change over the quarter, is a increase of rent incentives by +3.1 points in the Outer Rim.
All calculations are based on transactions made by ImmoStat members. This allows an unrivalled coverage of 65% of the take-up that was observed for transactions > 1,000 sqm over the last 12 months (63% on space > 5,000 sqm).