Over the first half of 2015, the office take-up sums up to 915,200 sqm, which is down by 22% when compared to H1 2014.
Every quarter, ImmoStat, an independent entity pooling data for the four main brokers in French Commercial Real Estate (BNP Paribas Real Estate, CBRE, DTZ et JLL) 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
the take-up of warehouses in France
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OFFICES in the GREATER PARIS REGION
The office take-up in the greater Paris region has reached 503,300 sqm over Q2 2015, down by 24% vs Q2 2014. Over the first half of 2015, the office take-up sums up to 915,200 sqm, which is down by 22% when compared to H1 2014.
The immediate office supply on june 30th 2015 in the greater Paris Region is estimated to about 4,010,000 sqm, up by 3% with regards to its level a year ago.
The headline rent for second-hand offices calculated based on transactions over Q2 2015 is on average € 316 psqm per year, taxes and charges excluded, up by 2% when compared to the former quarter. Note that this rent is the amount defined in lease contracts regardless of incentives, whose level will be published next month.
INVESTMENTS IN THE GREATER PARIS REGION
In the greater Paris Region, the investment volume in commercial Real Estate over Q2 2015 has reached €1.8 billion, down by 68% when compared to the second quarter of 2014. The investment volume over the first half of 2015 sums up to €5.4 billion, down by 38% when compared to the same half last year.
WAREHOUSES IN FRANCE
The take-up for warehouses of at least 5,000 sqm in the greater Paris region (southern part of Oise included) has reached 481,700 sqm over the first half of 2015, up by 9% when compared to H1 2014.
For France as a whole, the take-up for warehouses of at least 10,000 sqm has reached 1,170,300 sqm in the first half of 2015, with 736,400 sqm in French Regions and 433,900 sqm in the Greater Paris Region for transactions of alike size. When compared to the first half of 2014, this national result is up by 32%.
More information about Q2 2015 can be found on our webpage "Market Data".