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Offices Greater Paris Region Q1 2022

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2022: The year of take-up at 2 million sq m?

 

504,000 SQ M   15   7.4%  950 
Take-up in Q1 2022   Deals > 5,000 sq m in Q1 2022   Vacancy rate as at 31/03/2022 Prime rent - Paris CBD as at 31/03/2022

 

Two years on from Covid 19’s arrival  on the global economic stage and the Paris office market has made a promising start to Q1 2022: if it were not for the geopolitical climate linked to the war in Ukraine and the inevitable repercussions for the economy, we could almost believe that the health crisis was behind us. As evidence of this improved climate, 504,000 sq m of office take-up was recorded over Q1 with strong activity seen across all space segments and most markets.

Businesses are therefore once again examining their real estate, re-assessing their fit-outs and their locations while competition for attracting and retaining the best profiles is raising the bar for future office selection.

Central locations, premium space quality and flexibility appear to form a winning trio, meaning a worrying future lies ahead for first-generation, second-hand buildings that were built away from urban centres.

Aside from these real estate considerations, everybody wants to believe that we could once again top the symbolic 2 million sq m level in 2022. This is a realistic scenario, as long as some new conditions are met - both in terms of domestic policy (report written the 19th April 2022) and in inflation linked to rising costs for energy, raw materials and manufacturing in the broadest sense. The outlook for high and long-lasting inflation calls for caution… or at least a degree of moderation in the formulation of recovery in real estate transactions.

 

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Offices Greater Paris Region Q1 2022

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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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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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