AVERAGE RENT INCENTIVES REACH AT 26% IN THE GREATER PARIS REGION
The average level of rent incentives for new office lettings above 1,000 sqm in the Greater Paris Region flat in Q2 2024 to reach 26% (+0.2 points compared to the previous quarter).
New office lettings > 5,000 sqm continued to experience stronger incentives than others with a difference of +3 points in Q2 2024.
In the meanwhile, the secured length of lease > 5,000 sqm reached an average of 9.1 years (+13% year-on-year) in Q2 2024 and 6.4 years (-3% year-on-year) for those from 1,000 to 5,000 sqm.
The average level of rent incentives ranges across market sectors from 13.1% in the North Eastern Paris to 42.8% in La Défense. One of the most significant change over the quarter, is a decrease of rent incentives by -4.1 points in the North Eastern Paris.
All calculations are based on transactions made by ImmoStat members. This allows an unrivalled coverage of 77% of the take-up that was observed for transactions > 1,000 sqm over the last 12 months (89% on space > 5,000 sqm).
