AVERAGE RENT INCENTIVES REACH AT 26.3% 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 Q4 2024 to reach 26.3% (+0.8 points compared to the previous quarter).
New office lettings > 5,000 sqm continued to experience stronger incentives than others with a difference of +2 points in Q4 2024.
In the meanwhile, the secured length of lease > 5,000 sqm reached an average of 8.9 years (+1% year-on-year) in Q4 2024 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 14.3% in Paris Centre West to 39.3% in La Défense. One of the most significant change over the quarter, is a increase of rent incentives by +2.2 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 (83% on space > 5,000 sqm).