The Ile-de-France Office Rental Market - April 2021

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

After a take-up decline of -41% in 2020, and despite a low take-up in Q1 2021, a slight recovery has begun on the >5,000 sqm segment.

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

Source: MBE Conseil according to Immostat

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

  • Q1 2021 take-up fell by -36% compared with the 10-year average, and by -30% compared with Q1 2020.
     
  • This decline must be considered in context: Q1 2020 figures were significantly impacted by TOTAL's 126,000 sqm mega deal in LINK in La Défense. Without this transaction, the decline would only represent -4%.

Take-up in Île-de-France

The French Investment Market - April 2021

Our vision of the French Investment Market
The view of Delphine Mutterer

Q1 2021 has undeniably confirmed the positive return of key elements for the French investment market.

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 

  • Although investment is lower than that recorded during the exceptional Q1 2020 just before the first lockdown, the market still performed well in Q1 2021 with €4.4 billion invested.
     
  • This is well above the Q1 10-year average of €3.8 billion.

AMOUNTS INVESTED IN THE NON-RESIDENTIAL PROPERTY MARKET IN FRANCE