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

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

2020 recorded a historic decline in take-up.

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

Source: MBE Conseil according to Immostat

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

  • Take-up totalled 1,321,000 sq m, i.e., a -45% decline compared with 2019 and with the ten-year average of 2,299,000 sq m pa. Q4 2020 was less impacted by the decline (-40%) than the two previous quarters, which suffered considerably from the effects of the first lockdown.

 

Take-up in Île-de-France

The French Investment Market - January 2021

Our vision of the French Investment Market
The view of Vanessa Guyot-Sionnest

Despite suffering the consequences of an unexpected pandemic, the 2020 investment market performed reasonably well.

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 

  • Despite a strong Q1 with a 48% increase in investment compared with Q1 2019, the 2020 investment market was torpedoed by the health crisis.
     
  • Investment totalled €23 billion. This represents a 39% y-o-y decline, primarily due to restricted financing and major investors' cautious approach given the widespread uncertainty.

AMOUNTS INVESTED IN THE NON-RESIDENTIAL PROPERTY MARKET IN FRANCE