Largest stock of office space in Europe
> 54.2 million sq. m of offices
> 35 major business districts
> 19 million sq. m of warehousing
> Office take-up: 1.8 million sq. m
> Immediate supply: 4.02 million sq. m
> Vacancy rate: 5.5%
> Supply under construction: 1.23 million sq. m
Highest concentration of major corporations in Europe:
27 Fortune 500
+ 1,1 million sq. m of offices completed in 2017
Office take-up in the Paris Region in 2018: 1,873,700 sq. m, which is a year-on-year rise of 6%*
Headline office rents for new or redeveloped space: € 385 net per m² pa, which is a year-on-year rise of 5%*.
*Source: Immostat for Q3 2018.
Abundant, varied and competitively priced, the range of available offices in the Paris Region is unique in Europe. The region is home to a diversified dense stock of space that complies with the international standards and makes it a major business center on the world stage.
The Paris Region, which has the largest office market in Europe, can offer a particularly vast range of premises. Currently 3.5 million sq. m are available, 1.2 million sq. m of which are in central business districts with a further 2 million currently being built across the territory. Moreover, Grand Paris Express provides a massive development opportunity, with 10 million sq. m of projects on the horizon.
The international competitiveness of the Parisian property market also posts prime rents and occupation costs that are below other world cities, such as New York and Tokyo, and almost half the costs for premises in London.
For the first time Paris was considered the most attractive city in Europe, moving ahead of London in a survey published by EY in June 2018, a year after the start of the countdown to leave the EU. It illustrates the growing appeal of Paris, which is now ranked 1st for direct foreign investment in continental Europe.
The office market in France, of unequalled dynamism, has a track record of maturity and transparency. Now is an exceptional time to invest in the heart of this truly international region.