Market Summary by Catella

The Market Summary by Catella (in collaboration with Monique Benisty of MBE Conseil) provides an overview of key trends in commercial real estate with an overview and analysis of quarterly investment and rental data.

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Office Rental Market - July 2019

The first half 2019 has been dynamic with a take-up of more than 1.1 million sqm in the greater Paris region. However this represents a 20% y-o-y decrease. 

Our vision of the office rental market
The view of Géraldine LATHAM

Take-up in Île-de-France region per quarter ​

Source : MBE Conseil according to Immostat

Take-up in Île-de-France region per quarter  ​

  • With a take-up of 1,102,000 sqm as of H1 2019, take-up in the greater Paris region decreased by 20% compared with H1 2018;
     
  • This slowdown began at the start of Q1 2019, which recorded a decrease of 23%;
     
  • Take-up for H1 2019 nevertheless remains above the ten-year average.

Take-up in Île-de-France

The French Investment Market - July 2019

Our vision of the office Market
The view of Arnaud de Sordi

Operators were worried that the exceptional investment dynamism would suffer at the end of 2019 due to a potential interest rate increase. However the opposite seems more likely, as yields continue to tighten and above all decrease, particularly in sectors with the greatest depth (CBD, Western CBD, etc.).

Amounts invested in the non-residential real estate market in France 

Source: MBE Conseil

Amounts invested in the non-residential real estate market in France 

  • 4.3% increase at H1 with nearly €12.1 billion invested;
     
  • Q2 2019 volume is almost equivalent that of Q2 2018 (2.6%);
     
  • This suggests that 2019 investment market performance should resemble that of 2018.

AMOUNTS INVESTED IN THE NON-RESIDENTIAL PROPERTY MARKET IN FRANCE