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 - October 2017

Take-up in Ile-de-France over the first three quarters of 2017 has been slightly higher than over the same period of 2016 (+2%), with 1 765 800 sq.m being transacted.

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

Take-up activity in Île-de-France by quarter ​

Source : MBE Conseil according to Immostat

Take-up activity in Île-de-France by quarter ​

  • With 1 765 800 sq.m transacted over the first nine months of 2017, year-on-year take up has been 2% higher;

  • Q3 2017 activity amounted to 589,800 sq.m, down 3% from Q3 2016.

Take-up in Île-de-France

The French Investment Market - October 2017

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

​The trend in 2017 seems to be moving towards declining overall investment volume. However, it is difficult to measure this decline accurately. And even if there is a typically very dynamic last quarter, this would not likely be enough to reach 2016 performance levels, or other very high recent benchmarks.

Investment volume in the French non-residential market

Source : MBE Conseil

Investment volume in the French non-residential market

  • The decline seen over the first two quarters has continued in Q3, leading to an overall 20% drop in volume;

  • The third quarter has seen a 32% year-on-year fall, which is colossal;

  • Although we expect a big fourth quarter, total yearly performance will likely be weaker than in 2016.

AMOUNTS INVESTED IN THE NON-RESIDENTIAL PROPERTY MARKET IN FRANCE