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Offices Greater Paris Region Q4 2021

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Covid, growth and office real estate

 

1,853,400 SQ M 56 4 M SQ M  7.4%  910 
Take-up in 2021 Transactions > 5.000 sq m in 2021 Immediate supply as at 31/12/2021 Vacancy rate as at 31/12/2021 Prime rent - Paris CBD as at 31/12/2021

 

Following the shock seen in 2020, the French economy is at last emerging from crisis while health restrictions associated with new waves of Covid outbreaks continue to disrupt normal business activity. 

Renewed GDP growth in 2021 (+6.7%) and a positive outlook for 2022 (around 4%) are creating the right conditions for the return of office transactions. Business leader confidence has resulted in figures for the business climate index that are far higher than the long-term average (114 points in November 2021) and this was seen across all sectors. 

The employment climate is also encouraging with 112 points in November 2021 compared with an average of 84 in 2020. 

The planets therefore appear to be aligned with the economy offering an improved outlook for business. We now need to understand how this recovery will influence real estate plans. Businesses are emerging from the crisis with a fresh ideas for their working environments as well as requirements for hybrid modes of working and therefore need to develop a clearer understanding of their office space requirements.

 

Download our economic note to find out more!

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Offices Greater Paris Region Q4 2021

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Related Experts

Magali Marton

DIRECTEUR(TRICE) MARKET, COM, ETUDES & RECHERCHE

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Magali began her career at Grecam in 1998 where she was responsible for the Residential Real Estate database in the Île-de-France region and then for the Commercial Real Estate database. She joined Cushman & Wakefield in 2005 - formerly DTZ - where she spent most of her career as Research Director. With her teams, she was in charge of producing research reports on the investment, office, retail, logistics, hospitality, healthcare assets markets. Magali was also responsible for developing business intelligence tools and market data management covering all asset classes (office, retail, logistics, residential, healthcare, both on the user and investment markets). From 2009 to 2016, she coordinated the Research team for the EMEA region (Europe, Middle East, Africa), before refocusing her activity on the French market. 

She joins Colliers France in 2021 as Marketing, Communication, Research & Data Director and member of the Board.

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Ludovic Delaisse

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Gautier Weigert

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Gautier has an exetensive experience representing users, he has worked within major consulting firms such  CBRE and Cushman & Wakefield. His background has given him the opportunity to support a large number of clients in their real estate projects. This diversity allows him to address a multitude of issues, from the development of master plans to the conduct of negotiations.Gautier Gautier began his career in the B-to-B sector with Compass Group, one of the world's leading catering companies and is  graduated with an MBA from ESSEC business school.

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