The Ile-de-France Office Rental Market - January 2022

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

Q4 2021 was very active and take-up was almost equivalent to that of 2019. Thanks to this rebound, Paris region take-up totalled 1,853,400 sq m, i.e., a 32% increase compared with 2020.

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

Source: MBE Conseil according to Immostat

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

  • 2021 take-up totalled 1,853,400 sq m, i.e., a +32% increase compared with 2020.
     
  • Q4 was very dynamic with a take-up of 631,000 sq m, i.e., +30% compared with Q4 2020.
     
  • As a reminder, the longterm Q4 average is 610,100 sq m for the 2001-2021 period.

Take-up in Île-de-France

The French Investment Market - January 2022

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

After an H1 dominated by a generalised wait-and-see approach, the market sprang to life in September as some investors decided to invest and others repositioned their investment strategies.

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 

  • Several deals worth over €300m closed at the end of the year, which led to a strong Q4 recovery.
     
  • This somewhat compensates for the significant investment decline. Investment totalled €22.24 billion, i.e. a 7% y-o-y decline compared to 2020.
     
  • This is a direct consequence of investors’ dominant waitand-see approach during the first half of the year.

AMOUNTS INVESTED IN THE NON-RESIDENTIAL PROPERTY MARKET IN FRANCE