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 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 and the average price of Office
OFFICES IN THE GREATER PARIS REGION
The office take-up in the Greater Paris Region reached 741,800 sqm over Q1 2018, up by 13 % vs Q1 2017.
The immediate office supply on March 31st 2018 in the Greater Paris Region is estimated to 3,159,000 sqm, down by 10 % with regards to its level a year ago.
Based on transactions of the quarter, the headline rent of offices is on average:
€ 364/sqm per year, excluded taxes and charges for second-hand properties, up by 4 % over a year ;
€ 381/sqm per year, excluded taxes and charges for new or refurbished space, up by 5 % over a year.
The headline rent is defined in lease contracts regardless of incentives, whose level was 21.8% last quarter and will be updated next month for Q1 2018.
INVESTMENTS IN THE GREATER PARIS REGION
In the Greater Paris Region, the investment volume in commercial Real Estate over Q1 2018 reached €2.7 billion, up by 10 % compared to Q1 of 2017.
The average capital value for Office in the Greater Paris Region over Q1 2018 all types alike reaches € 6,530/sqm (including transactions costs) which is up by 9 % over a year.
More information about Q1 2018 can be found on our webpage "Market Data".