Market View

Confirmed drop in lettings and sales activity, in an ever more complex economic climate. Limited definite future supply remains at a reasonable - 2Q 2013 levels. - 2Q 2013

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The economic situation continues to be a defining factor in terms of relocations.

There is a relatively large amount of demand and a considerable number of relocation projects, which shows that the market is not stuck in a rut.

In H1 2013, the total amount of lettings and sales reached 832,900 sq m (-19%year-onyear).

25 large transactions totalling 268,500 sq m (-30% year-on-year).

Paris Centre West mirrored the Parisian trend, with take-up at 180,500 sq m.

Immediate supply is on the up with 3.7 million sq m as at 1 July 2013 (6.7% vacancy rate) particularly due to several large deliveries.

Will deliveries currently in the pipeline in La Défense and the Western Crescent, mean there will be a larger amount of supply in Paris in the long term?

A less marked fall in headline rents, but greater commercial incentives.

Source : CBRE

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Mots-clés : CBRE

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