Over H1 2016, the office take-up in the greater Paris region has reached 1,139,200 sqm which is up by 20% when compared to H1 2015.
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 DTZ now operating under the brand 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
the take-up of warehouses in France
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OFFICES IN THE GREATER PARIS REGION
Over H1 2016, the office take-up in the greater Paris region has reached 1,139,200 sqm which is up by 20% when compared to H1 2015. The second quarter of 2016 sums up to 613,800 sqm, up by 16% vs Q2 2015.
The immediate office supply on june 30th 2016 in the greater Paris Region is estimated to about 3,723,000 sqm, down by 7% with regards to its level a year ago.
Based on transactions of the quarter, the headline rent of offices is on average:
€ 322 psqm per year, taxes and charges excluded for second-hand properties, up by 1% over a year ;
€ 377 psqm per year, taxes and charges excluded for new or restructured properties, up by 5% over a year.
The headline rent is the amount defined in lease contracts regardless of incentives, whose level was 22% last quarter and will be updated next month for Q2 2016.
INVESTMENTS IN THE GREATER PARIS REGION
In the greater Paris Region, the investment volume in commercial Real Estate over H1 2016 has reached €6.4 billion, up by 11% when compared to H1 2015. Q2 2016 is up by 105% when compared to the second quarter of 2015 and represents €4.4 billion.
WAREHOUSES IN FRANCE
Over H1 2016, the take-up for warehouses of at least 5,000 sqm in the greater Paris region (Oise included) has reached 368,800 sqm, which is down by 36% when compared to H1 2015.
For France as a whole, the take-up for warehouses of at least 10,000 sqm over H1 2016 has reached 1,204,900 sqm, with 954,200 sqm in French Regions and 250,700 sqm in the Greater Paris Region for transactions of alike size. When compared to H1 2015, this national result is down by 10%.
More information about Q2 2016 can be found on our webpage "Market Data".