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 2017

After a particularly active 1st quarter with a take-up of 660,000sqm (including 90,000sqm leased to NATIXIS in the DUO towers), the 2nd quarter showed a downturn in rentals, and transactions of more than 5,000sqm were particularly scarce.

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 ​

  • Take-up in the 2nd quarter 2017 has decreased compared with the 2nd quarter of the previous year;
  • However 1st quarter performance has made it possible to register increased activity (+4%) at the end of the 1st semester 2017 with a take-up of 1,164,600sqm (versus 1.12 million by mid-2016).

Take-up in Île-de-France

The French Investment Market - July 2017

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

During the 1st semester, investment volume decreased by 18% compared with the same period in 2016 (€8,530 Billion vs. €10,055 Billion). This is fairly significant, and although there are several properties on the market, high prices are beginning to rein in investors' enthusiasm. Despite what we may think, not everything is being sold!

Investment volume in the French non-residential market

Source : MBE Conseil

Investment volume in the French non-residential market

  • Significant decrease in transactions during the 2nd quarter (-30%), engendering a decrease of -15% in take-up volume during the 1st semester, compared with the same period in 2016.
  • We nevertheless anticipate dynamic 3rd and 4th quarters.

AMOUNTS INVESTED IN THE NON-RESIDENTIAL PROPERTY MARKET IN FRANCE