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 in France and the average price in the Greater Paris Region for offices
the logistics take-up in France
OFFICES IN THE GREATER PARIS REGION
Over first half 2022, office take-up in the Greater Paris Region reached 1,008,400 sqm which is up by 24% compared to first half 2021. The second quarter 2022 has totalled 496,800 sqm, up by 9% vs Q2 2021.
Office immediate supply on June 30th 2022 in the Greater Paris Region is estimated at 4,088,000 sqm, up by 2% y-oy
Based on transactions of the quarter, the office average headline rent is on average:
€ 423 /sqm pa, excluding taxes and charges for second-hand space, up by 4% over a year;
€ 431 /sqm pa, excluding taxes and charges for new or refurbished space, up by 2% over a year.
The headline rent is defined in lease contracts regardless of incentives, whose level was 24.9% last quarter and will be updated next month for Q2 2022.
INVESTMENTS IN FRANCE
In France, the investment volume in Commercial Real Estate over first half 2022 reached €11.5 billion, up by 30% compared to first half 2021. Q2 2022 is up by 90% compared to the Q2 2021 and represents €6.5 billion.
INVESTMENTS IN THE GREATER PARIS REGION
In the Greater Paris Region, the investment volume in Commercial Real Estate over first half 2022 reached €7.3 billion, up by 29% compared to first half 2021. Q2 2022 is up by 90% compared to the Q2 2021 and represents €4.2 billion.
The average capital value for Office in the Greater Paris Region over Q2 2022 all types alike reached €8,210 /sqm (including transactions costs) which is flat y-o-y.
LOGISTICS IN FRANCE
Over first half 2022, the take-up for warehouses above 5,000 sqm in the Greater Paris region (Oise included) reached 677,900 sqm, which is up by 24% compared to first half 2021.
For whole France, the take-up for warehouses above 10,000 sqm over first half 2022 reached 1,557,000 sqm, with 982,600 sqm in French Regions and 574,400 sqm in the Greater Paris Region for transactions of this size. Compared to first half 2021, this national result is down by 3%.
More information about Q2 2022 can be found on our webpage "Market Data".