With 503,194 sqm leased in IDF in Q2 2011, office take-up is 20% down on last quarter. Nevertheless, the total letting volume for the first half of the year posted some good performances (+4% yoy) notably thanks to the strong level of demand for Parisian addresses during the first months of the year. Vacant stock decreased slightly by 1% and currently stands at 3.6 million sqm. The prime CBD rent declined by 5% qoq and stood at €710/sqm/year at the end of June.
Source : Savills