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Office Market Report Q3 2020

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Summer calm, autumnal worries

 

   icon_declin    icon_immeuble   icon_balance

         
 

Fall in placed demand

               

Rebound in supply

               

Rental inertia

     

 

The health crisis has provoked an unprecedented economic crisis and unprecedented events on a global scale: periods of population confinement and the virtual shutdown of certain economies, exits from confinement and gradual resumption of economic activity... all this in the context of a pandemic that is lasting and which is experiencing a second wave in Europe this autumn.

In France, the Government has responded with massive support for companies, which are facing a brutal economic crisis. In this context of uncertainty, the property market is being hit hard by the wait-and-see attitude of companies. The Ile-de-France office market is therefore devaluing sharply this year, with a 46% drop in transactional activity over the first nine months of the year and a 58% drop for the third quarter of 2020 alone compared with the third quarter of 2019. At the same time, the available supply is clearly recovering, once again crossing the 3 million sqm available threshold. Only rents show a certain inertia, but the increase in support measures makes it possible to delay future growth in sectors where supply is set to increase in the coming months.

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Office Market Report Q3 2020

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Related Experts

Laurence Bouard

DIRECTRICE ETUDES et RECHERCHE

Paris

Graduated in urban planning and member of RICS, Laurence has more than 20 years of experience in the real estate sector. Since 2011, she has been the head of the Research Department at Colliers International France. She provides its expertise on the real estate markets through consulting missions and the production of ad hoc studies.

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