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